The answer is not 1,412,808! Please give the correct answer.

Dell Company adopted a defined benefit pension plan on January 1, 20X1. Dell amortizes the initial prior service cost of $1,334,400 over 16 years. It assumes a 7\% discount rate and an 8\% expected rate of return. The following additional data are available for 20X1: Required: Compute the pension asset (liability) to be reported on Dell's December 31, 20X1, balance sheet. (A net pension liability should be indicated by a minus sign.)