Hemera Corporation had a defined benefit obligation of R\($3\),100,000 and plan assets of R\($2\),900,000 at January 1, 2015. Hemera’s discount rate is 6%. In 2015, actual return on plan assets is R\($160\),000. Hemera contributed R\($200\),000 to the pension fund and paid benefits of R\($150\),000. Service cost for 2015 is R\($50\),000;

Hemera reports that the defined benefit obligation at December 31, 2015, is R\($3\),600,000. Determine

(a) pension expense for 2015;

(b) pension assets at December 31, 2015; and

(c) pension asset and liability gains and losses. Indicate how pension gains and losses will be reported by Hemera in the statement of comprehensive income and the statement of financial position.