24 Frisco, Inc. received the following information from its pension plan trustee concerning the operation of the company's defined- benefit pension plan for the year ended December 31, 2018. Fair value of pension plan assets Projected benefit obligation Accumulated benefit obligation: Accumulated OCI-(Gains/Losses) January 1, 2018 $5,600,000 December 31, 2018 $6,000,000 5,800,000 6,480,000 1,120,000 1,360,000 -0- (120,000) The service cost component of pension expense for 2018 is $600,000 and the amortization of prior service cost due to an increase in benefits is $100,000. The settlement rate is 8% and the expected rate of return is 9%. What is the amount of pension expense for 2018? a. $708,000 $796,000 b. Oc $660,000 d. $600,000