Pension data for the Cookie Monster Company included the following for the current calendar year:
Service Cost $115,000
PBO, Jan 1 755,000
Plan Assets, Jan 1 810,000
Amortization of prior service cost 7,000
Amortization of net loss 3,000
Discount Rate= 9%
Actual return on Assets=10%
Expected Return on Plan assets=9%
Determine the amount of pension expense.