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Bramble Company sponsors a defined benefit pension plan for its 600 employees. The companys actuary provided the following information about the plan. January 1, December

Bramble Company sponsors a defined benefit pension plan for its 600 employees. The companys actuary provided the following information about the plan.

January 1,

December 31,

2020

2020

2021

Projected benefit obligation $2,790,000 $3,645,100 $4,183,708
Accumulated benefit obligation 1,890,000 2,427,000 2,899,000
Plan assets (fair value and market-related asset value) 1,710,000 2,909,000 3,756,000
Accumulated net (gain) or loss (for purposes of the corridor calculation) 0 200,000 (25,000 )
Discount rate (current settlement rate) 9 % 8 %
Actual and expected asset return rate 10 % 10 %
Contributions 1,028,000 556,100

The average remaining service life per employee is 10.5 years. The service cost component of net periodic pension expense for employee services rendered amounted to $404,000 in 2020 and $472,000 in 2021. The accumulated OCI (PSC) on January 1, 2020, was $1,365,000. No benefits have been paid.

Determine the total amount of pension expense to be recognized by Bramble Company in 2020 and 2021.

Pension expense for 2020

Pension expense for 2021

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