At January 1, 2008, Milo Co.’s projected benefit obligation is \($300,000\), and the fair value of its pension plan assets is \($340,000\). The average remaining service period of Milo’s employees is 10 years. The following additional information is available for Milo’s net actuarial gains and lossess.

Required:
Compute the amount of recognized gain or loss to be included in pension expense for each year, 2008 through 2010. Indicate whether the recognized amount increases or decreases pension expense.

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AOCI-net actuarial (gain) loss at 1/1 PBO at 12/31 Fair value of plan assets at 12/31 2008 $ 40,000 341,000 323,000 2009 $ 28,000 402,000 419,000 2010 $ 53,000 416,000 438,000