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Sandhill, Inc. received the following information from its pension plan trustee concerning the operation of the company's definedbenefit pension plan for the year ended December

image text in transcribed Sandhill, Inc. received the following information from its pension plan trustee concerning the operation of the company's definedbenefit pension plan for the year ended December 31, 2026. The service cost component of pension expense for 2026 is $518000 and the amortization of prior service cost due to an increase in benefits is $113000. The settlement rate is 12%. Actual return on plan assets for 2026 is $246400. Assume the actual return on plan assets is equal to the expected return on plan assets. What is the amount of pension expense for 2026 ? $1436200$1396560$1076800$1189800

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