Question: At January 1, 2014, Milo Co.'s projected benefit obligation is $300,000, and the fair value of its pension plan assets is $340,000. The average remaining service period of Milo's employees is 10 years. The following additional information is available for Milo's net actuarial gains and losses:
Required: Compute the amount of recognized gain or loss to be included in pension expense for each year, 2014 through 2016. Indicate whether the recognized amount increases or decreases pension expense.