Selected financial information for Jory Company for the current year ended 12/31 is shown below.

Plan assets at January 1 $6,000,000

Projected benefit obligation at January 1 5,000,000

Accumulated benefit obligation at January 1 4,000,000

Interest cost 400,000

Service cost 700,000

Actual return on plan assets 500,000

Expected return on plan assets 500,000

Employers contribution 800,000

Benefits paid to retirees 300,000

Accrued pension cost at January 1 -0-

Jorys net pension expense for the year ended December 31 is

a. $ 600,000

b. $ 900,000

c. $1,600,000

d. $1,900,000

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