The information is provided regarding a company's December 31, 2010 defined benefit pension plan:

Service cost.............................................................................................$ 540,000

Projected benefit obligation, Jan. 1......................................................4,000,000

Fair value plan assets, Jan. 1..................................................................3,300,000

Amortization of unrecognized prior service cost for the year..............270,000

Interest cost.........................................................................................................8%

Expected (and actual) return on plan assets..................................................10%

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Compute the amount of pension expense for 2010