The following information pertains to Warring Companys defined benefit pension plan for 2021: Projected benefit obligation 1/1/21 1,470,000 Accumulated benefit obligation 1/1/21 1,255,000 Plan assets 1/1/21 1,185,000 1/1/21 Accumulated OCI - Prior service cost 126,000 1/1/21 Accumulated OCI - Loss 150,600 Service cost for 2021 138,000 Settlement rate 6% Expected return on plan assets 5% Actual return on plan assets 62,500 Estimated future service life of employees 15 years What amount will Warring report as pension expense in its 2021 income statement?

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