The following information pertains to Tiller Corp.s defined benefit pension plan for 2021:

Projected benefit obligation 1/1/21 2,205,000 Plan assets 1/1/21 1,777,500 Accumulated OCI - Prior service cost 189,000 Accumulated OCI - Loss 225,900 Service cost for 2021 207,000 Settlement rate 5% Expected return on plan assets 4% Estimated future service life of employees 12 years

What amount will Tiller report as pension expense in its 2021 income statement? How will it be reported?