The Carrasco Company has provided you the following information pertaining to its defined benefit pension plan that was adopted on January 1, 20X1:The service cost was $750,000 during 20X1 and $1,125,000 during 20X2.The contribution to the pension plan was $600,000 on December 31, 20X1 and $1,200,000 on December 31, 20X2. The actuarially determined discount rate and the expected return on plan assets are both 10%. The actual return on plan assets was 10.5%.Retirement benefits pertaining to years of service prior to 20X1 were not granted to the employees. What is the pension expense for the year ended December 31, 20X2