1. On January 1, 2020, McGee Co. had the following balances: Projected benefit obligation $6,400,000 Fair value of plan assets 6,000,000 400,000 Other data related to the pension plan for 2020: contributions to the plan I Benefits paid On 1/1/20020, prior service cost was granted having 350,000 150,000 a present value of Actual return on plan assets 430,000 9% Settlement rate 796 Expected rate of return Amortized Prior Service cost 40,000 Amortization of net gain 50,000 Service cost 250,000 Total pension expense for 2020 is