Eastwood, 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, 2015.

Jan 1 2015 Dec 31 2015

Projected Benefit Obligation 11,400,000 11,760,000

Pension Assets (at fair value) 6,000,000 6,900,000

Accumulated benefit obligation 2,400,000 2,760,000

Net (gains) and losses -0- 240,000

The service cost component of pension expense for 2015 is $880,000 and the amortization of prior service cost due to an increase in benefits is $180,000. The settlement rate is 10% and the expected rate of return is 8%.

What is the amount of pension expense for 2015?