$1)$ On January $1,2024,$ Kattelman Climbing Academy instituted a defined benefit pension plan for its employees. The annual service cost for each year of $2024$ and $2025$ was $$600,000.$ The interest rate used to determine the projected benefit obligation is $10\%.$ Both the actual and the expected return on plan assets are $8\%$ for both years. Kattelman funded the plan in the amount of $$400,000$ each January $1,$ beginning on January $1,2024.$ What amount of pension expense should Kattelman report in its income statement for the year ended December $31,2025?$ A$)$ $$593,440$ B$)$ $$600,000$ C$)$ $$628,000$ D$)$ $$726,560$