Question 19 2 View Policies Current Attempt in Progress Sheridan, 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. 1/1/21 - 12/31/21 Accumulated benefit obligation $ 3540000 $ 1630000 Net (gains) and losses 1420000 143000 Projected benefit obligation 66900004466865000 Pension assets (at fair value) 99 3540000 4055000 The service cost component of pension expense for 2021 is $520000 and the amortization of prior service cost due to an increase in benefits is $112000. The settlement rate is 12% and the expected rate of return is 7%. What is the amount of pension expense for 2021? $1044000 $1239600 $871100 $1187000