JMC, 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 123121 Accumulated benefit obligation $3,500,000 $1,610,000 Net (gains) and losses 1,400,000 140,000 Projected benefit obligation 6,650,000 6,860,000 Pension assets (at fair value) 3,500,000 4,025,000 The service cost component of pension expense for 2021 is 520,000 and the amortization of prior service cost due to an increase in benefits is $105.000 The settlement rate is 10% and expected rate of retum is 8 What is the amount of pension expense for 2021? O A $1,031 000 OB 1968.000 OC. 5870.000 D. $1010 000