Oriole, 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.

		1/1/21				12/31/21
Accumulated benefit obligation		$	3510000			$	1680000
Net (gains) and losses			1490000				143000
Projected benefit obligation			6690000				6840000
Pension assets (at fair value)			3510000				4041000

The service cost component of pension expense for 2021 is $523000 and the amortization of prior service cost due to an increase in benefits is $111000. The settlement rate is 12% and the expected rate of return is 6%. What is the amount of pension expense for 2021?

$1284800

$1226200

$1083200

$815800

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