On June 1, 20X8, Ward Corp. established a defined benefit pension plan for its employees. The following information was available at May 31, 20X10:

Accumulated benefit obligation	$14,500,000
Projected benefit obligation	12,000,000
Unfunded accrued pension cost	200,000
Plan assets at fair market value	7,000,000
Unrecognized prior service cost	2,550,000

To report the proper pension liability in Ward's May 31, 20X10, balance sheet, what is the amount of the adjustment required?