Cullumber, Inc. sponsors a defined-benefit pension plan. The following data relates to the operation of the plan for the year 2021. Service cost $ 355000 Contributions to the plan 340000 Actual return on plan assets 280000 Projected benefit obligation (beginning of year) 3650000 Fair value of plan assets (beginning of year) 2450000 The expected return on plan assets and the settlement rate were both 11%. The amount of pension expense reported for 2021 is O $ 283000. O $ 756500. O $ 487000. O $ 355000