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Carla Vista, 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

Carla Vista, 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, 2021.

1/1/21 12/31/21
Projected benefit obligation $ 14000000 $ 14420000
Pension assets (at fair value) 7700000 8750000
Accumulated benefit obligation 3150000 3570000
Net (gains) and losses 0 350000

The service cost component of pension expense for 2021 is $1110000 and the amortization of prior service cost due to an increase in benefits is $280000. The settlement rate is 11% and the expected rate of return is 9%. What is the amount of pension expense for 2021?

$2283200

$2142500

$1890500

$2237000

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