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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

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, 2018.

January 1, 2018 December 31, 2018
Fair value of pension plan assets $5150000 $5550000
Projected benefit obligation 5950000 6430000
Accumulated benefit obligation 1075000 1315000
Accumulated OCI (Gains / Losses) 0 -165000

The service cost component of pension expense for 2018 is $375000 and the amortization of prior service cost due to an increase in benefits is $71000. The settlement rate is 11% and the expected rate of return is 10%. What is the amount of pension expense for 2018?

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