Compute the amount of the other comprehensive income

Question

Erickson Company sponsors a defined benefit pension plan. The corporation's actuary provides the following information about the plan.

		January 1, 2014		December 31, 2014
Vested benefit obligation		$1,500		$1,900
Accumulated benefit obligation		1,900		2,730
Projected benefit obligation		2,500		3,300
Plan assets (fair value)		1,700		2,620
Settlement rate and expected rate of return				10	%
Pension asset/liability		800		?
Service cost for the year 2014				400
Contributions (funding in 2014)				700
Benefits paid in 2014				200

(a) Compute the actual return on the plan assets in 2014.

Actual return on the plan assets

$

(b) Compute the amount of the other comprehensive income (G/L) as of December 31, 2014. (Assume the January 1, 2014, balance was zero.) (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)

Net pension liability gains and losses

$

(c) Compute the amount of net gain or loss amortization for 2014 (corridor approach).

Net gain or loss amortization

$

(d) Compute pension expense for 2014.

Pension expense

$