Please show backup calculations McCaw Company provides the following information about its defined-benefit pension plan for the year 2017.

Service cost $210,000

Contribution to the plan 263,000

Prior service cost amortization 36,000

Actual and expected return on plan assets 123,000

Benefits paid 1,440,000

Plan assets at January 1, 2017 220,000

Projected benefit obligation at January 1, 2017 1,800,000

Accumulated OCI (PSC) at January 1, 2017 325,000

Interest/discount (settlement) rate 8%

Instruction: Compute the pension expense for the year 2017.