Howard, Inc. established a defined benefit pension plan two years ago. Details related to the pension plan are as follows:

$$ Defined benefit, noncontributory plan with immediate full vesting.

$$ Benefits paid at the end of each retirement year beginning at age $60.$

$$ Expected $11\%$ rate of return on plan assets.

December $31,20$X$4$ December $31,20$X$5$

Projected benefit obligation $$840,000$ $$1,336,000$

Fair & market$-$related value of plan assets $$869,8001,394,176$

Accumulated benefit obligation $700,000800,000$

Additional information:

$$ Howard funded $$440,000$ to the plan on December $31,20$X$5$

$$ Howard's discount is $10\%.$

$$ Average remaining service period of active employees is $20$ years.

$$ Service cost for $20$X$5$ is $$432,000.$

$$Howard did not award retroactive benefits when the plan was adopted.

$$ Unrecognized prior net gain on January $1,20$X$5$ was $$4,150.$

$$ Benefits paid $$20,000$

Calculate and record Howard's minimum required net periodic pension cost for $20$X$5$