Koble, Inc. provides a defined-benefit pension plan to its employees. The following data relates to the operation of the plan for the year 2008.Service cost $ 200,000Contributions to the plan 220,000Actual and expected return on plan assets 180,000Projected benefit obligation (beginning of year) 2,400,000Fair value of plan assets (beginning of year) 1,600,000The settlement rate was 10%. The amount of pension expense reported for 2008 is