Barton, 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, 2020.

January 1, 2020 December 31, 2020

Fair value of pension plan assets $5,600,000 $6,000,000

Projected benefit obligation 6,400,000 6,880,000

Accumulated benefit obligation 1,120,000 1,360,000

Accumulated OCI (Gains / Losses) -0- (120,000)

The service cost component of pension expense for 2020 is $600,000 and the amortization of prior service cost due to an increase in benefits is $80,000. The settlement rate is 10% and the expected rate of return is 9%. What is the amount of pension expense for 2020?

a. $600,000

b. $816,000

c. $828,000

d. $696,000