Queensland Importers provides the following pension plan information: Fair value of pension plan assets, Jan. 1, 2011

Question:

Queensland Importers provides the following pension plan information:
Fair value of pension plan assets, Jan. 1, 2011 ........ $1,418,750
Fair value of pension plan assets, Dec. 31, 2011 ...... 1,596,875
Contributions to the plan in 2011 ............ 212,500
Benefits paid retirees in 2011 ............... 218,750
Instructions
Calculate the actual return on the plan assets for 2011.