Oriole, Inc. received the following information from its pension plan trustee concerning the operation of the company's defined-benefit pension plan for the year ended December 31, 2021: January 1, 2021 December 31, 2021 Projected benefit obligation $2,550,000 $2,900,000 Fair value of plan assets 1,300,000 1,650,000 Accumulated benefit obligation 1,935,000 2,625,000 Accumulated OCI―(PSC) 545,000 302,500 The service cost component for 2021 is $142,500 and the amortization of prior service cost is $242,500. The company's actual funding of the plan in 2021 amounted to $505,000. The expected return on plan assets and the settlement rate were both 7%.What is the amount of pension expense for 2021?