At January 1, 2008, Archer Co.’s PBO is \($500,000\) and the fair value of its pension plan assets is \($630,000\). The average remaining service period of Archer’s employees is 12 years. The AOCI~net actuarial loss (gain) at January 1, 2008 is $(70,000). The following additional information is available related to Archer’s actuarial gains and losses:

Required:
For each year, 2008 through 2010, compute 1. The amount of recognized loss (gain) to be included in pension expense. Be sure to indicate whether the recognized amount increases or decreases pension expense.
2. The ending balance of AOCI—net actuarial (gain) loss.
3. OCI—net actuarial (gain) loss.

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2008 2009 2010 New actuarial loss (gain) on PBO $(30,000) $ 65,000 $(63,000) New deferred loss (gain) on plan assets 60,000 55,000 (32,000) PBO at 12/31 560,000 675,000 628,000 Fair value of plan assets at 12/31 575,000 530,000 650,000