Bacon Bad is a national diner that has set up a defined benefit pension plan for its employees. The company uses IFRS and has provided you with the following information pertaining to its pension plan: • Pension obligation, December 31, 2031 - $6,909,215 • Plan assets, December 31, 2031 - $5,929,226 • Interest rate on pension obligations - 7% • Current service cost for the year (accrued at the end of the year) - $585,557 • Improvement in pension plan, effective on January 1, 2032 - $57,084 • Actuarial gain on change in assumptions - $0 • Expected return on plan assets - 7% of plan assets • Actual return on plan assets - $272,793 • Amounts remitted by employer to pension trust on January 1, 2032 - $679,838 • Payments to retirees on January 1, 2032 - $632,709 What is the pension expense for the company for the December 31, 2032 year-end?