The following information relates to the defined benefit pension plan for the McDonald Company for the year ending December 31, 2011. Projected benefit obligation, January 1.. $4,200,000 Projected benefit obligation, December 31 .. $4,320,000 Fair value of plan assets, January 1 $5,035,000 Fair value of plan assets, December 31 $5,560,000 Expected return on plan assets $585,000 Employer contributions $425,000 Service cost...... $390,000 Interest rate. 10% Using the information above, what is the pension expense for this year? Omit commas and dollar signs and round to the nearest dollar