A company had the following information concerning the operation of the company's defined-benefit pension plan for the year ended December 31, 2021.                                                                            January 1, 2021    December 31, 2021 Fair value of pension plan assets                          $33,000                    $69,000 Projected benefit obligation                                     77,000                      98,000 The service cost component of pension expense for 2021 is $8,500 and the amortization of prior service cost is $400. The settlement rate is 12% and the expected rate of return is 6%. What is the amount of pension expense for 2021?

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