At the end of $2023,$ the balances in the accounts related to the defined benefit pension plan of the Knight Company were as follows:

$\backslash$table$[[$Projected benefit obligation,$880,000],[$Unrecognized prior service cost $($remainder to be amortized over $14$ years$),82,300],[$Unrecognized net loss,$136,000],[$Plan assets $($at fair value$),685,625]]$

On $\frac{1}{1}\frac{?}{24},$ Knight amended the plan to provide an increased amount of pension benefits; the prior service cost resulting from this amendment was $$36,000.$ At $\frac{1}{1}\frac{?}{24},$ the average remaining service life of employees expected to receive benefits was $14$ years.

The following information relates to the year $2024$:

$\backslash$table$[[$Service Cost,$123,600],[$Settlement rate,$6\%$