Qui Importers provides the following pension plan information:
Fair value of pension plan assets, January 1, 2017 .......................... $1,438,750
Fair value of pension plan assets, December 31, 2017 ....................... 1,586,875
Contributions to the plan in 2017 ................................................. 212,500
Benefits paid to retirees in 2017 .................................................. 218,750
Instructions
Calculate the actual return on the plan assets for 2017.