The Red Corner Corp. is a publicly accountable entity that operates a defined benefit plan for its employees. Data relating to the pension plan is as follows:

Pension obligation, December 31, 20X2 $22,300,000

Plan assets, December 31, 20X2 24,500,000

Current service cost, December 31, 20X3 2,200,000

Benefits paid to retirees, December 31, 20X3 1,000,000

Actual return on plan assets, December 31, 20X3 800,000

Pension obligation, December 31, 20X3, per actuary 24,000,000

Yield on high quality corporate bonds 4%

What amount will Red Corner report in other comprehensive income pertaining to pension expense for its year-ended December 31, 20X3?

A - $572,000 Loss

B - $392,000 Gain

C - $180,000 Loss

D - $212,000 Gain