Cullumber, 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 $12200000 $12620000 Pension assets (at fair value) 5900000 6950000 Accumulated benefit obligation 2250000 2670000 Net (gains) and losses 0 170000 The service cost component of pension expense for 2021 is $990000 and the amortization of prior service cost due to an increase in benefits is $100000. The settlement rate is 10% and the expected rate of return is 8%. What is the amount of pension expense for 20217 $1820000 O $1553000 $1694000 $1778000