Question: (Computation of Actual Return) Gingrich Importers provides the following pension plan information.
Fair Value of pension plan assets, January 1, 2014 $2,400,000
Fair Value of pension plan assets, December 31, 2014 2,725,000
Contributions to the plan in 2014 280,000
Benefits paid retirees in 2014 350,000
Instructions: From the data above, compute the actual return on the plan assets for 2014.