Holmgren, 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.

Projected benefit obligation (beginning of year)	$866,000
Accumulated benefit obligation (beginning of year)	809,000
Plan assets (beginning of year)	911,000
Service cost	6,000
Amortization of prior service costs	18,000
Employer contributions	95,000
Settlement rate	12.5%
Expected return on plan assets	8.0%
Actual return on plan assets	87,250
Benefits paid	62,000

What is the amount of pension expense for 2021?

$