Montoya Industries recorded the following information for their defined benefit pension plan for 2019: Market-related asset value Projected benefit obligation Accumulated benefit obligation Unrecognized net (gains) and losses 1/1/2019 $5,000,000 9,500,000 2,000,000 -0- 12/31/2019 $5,750,000 9,800,000 2,300,000 200,000 If Montoya has a service cost of $700,000, amortization of prior service cost of $150,000, a settlement rate of 10%, and an expected rate of return of 8% for 2019, what should they record as their pension expense for 2019? $1,340,000 $1,400,000 $1,200,000 $1,430,000