Averon Industrial, Inc., computed the following components of pension expense for the years 2013-2015:

Instructions:
1. Compute the net periodic pension expense for the years 2013-2015.
2. Prepare the summary journal entries to record the computed pension expense in (1) and the funding of the pension plan.
3. If the pension-related asset balance at January 1, 2013, was $75,000, compute the balance of the pension-related asset/liability account at December 31, 2015. Also compute the balance in pension-related accumulated other comprehensive income at December 31, 2015; the balance on January 1, 2013 was a debit of $600,000.

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(in thousands) Components of Pension Expense 2013 2014 2015 Service cost Interest cost Actual return on the pension fund Expected return on the pension fund Amortization of deferred pension (gain) or loss 150 35 30 $415 170 50 40 50 (20) 70 520 (10) 90 580 18 90 750 Amortization of prior service cost. Amount contributed to fund