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Sandhill, Inc. sponsors a defined-benefit pension plan. The following data relates to the operation of the plan for the year 2021. Service cost $ 425000

Sandhill, Inc. sponsors a defined-benefit pension plan. The following data relates to the operation of the plan for the year 2021.

Service cost $ 425000

Contributions to the plan 410000

Actual return on plan assets 350000

Projected benefit obligation (beginning of year) 4000000

Fair value of plan assets (beginning of year) 2800000

The expected return on plan assets and the settlement rate were both 10%.

What is the amount of pension expense reported for 2021?

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