The following information relates to the pension plan for the employees of Turner Co.: 1/1/20 12/31/20 12/31/21 Accum benefit obligation $9,240,000 $9,660,000 $12,600,000 Projected benefit obligation 9,765,000 10,458,000 14,007,000 Fair value of plan assets 8,925,000 10,920,000 12,054,000 AOCI net (gain) or loss -0- (1,512,000) (1,680,000) Settlement rate (for year) 11% 11% Expected rate of return (for year) 8% 7% Turner estimates that the average remaining service life is 16 years. Turner's contribution was $1,323,000 in 2021 and benefits paid were $987,000. The interest cost for 2021 is