On January 1, 2024, Kattelman Climbing Academy instituted a defined benefit pension plan for its employees. The annual service cost for each year of 2024 and 2025 was $800,000. The interest rate used to determine the projected benefit obligation is 10%. Both the actual and the expected return on plan assets are 8% for both years. Kattelman funded the plan for $600,000 each January 1 , beginning on January 1, 2024. What amount of pension expense should Kattelman report in its income statement for the year ended December 31, 2025