The actuary for the pension plan of Gustafson Inc. calculated the following net gains and losses.

Incurred During the Year ? ? ? ? ? ? ? ? ? (Gain) or Loss2020..................................................................$300,0002021....................................................................480,0002022..................................................................(210,000)2023..................................................................(290,000)

Other information about the company?s pension obligation and plan assets is as follows.

Gustafson Inc. has a stable labor force of 400 employees who are expected to receive benefits under the plan. The total service-years for all participating employees is 5,600. The beginning balance of accumulated OCI (G/L) is zero on January 1, 2020. The market-related value and the fair value of plan assets are the same for the 4-year period. Use the average remaining service life per employee as the basis for amortization.

Instructions

(Round to the nearest dollar.)

Prepare a schedule which reflects the minimum amount of accumulated OCI (G/L) amortized as a component of net periodic pension expense for each of the years 2020, 2021, 2022, and 2023. Apply the ?corridor? approach in determining the amount to be amortized each year.

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Projected Benefit Obligation Plan Assets (market-related asset value) $2,400,000 2,200,000 2,600,000 3,040,000 As of January 1, 2020 2021 2022 2023 $4,000,000 4,520,000 5,000,000 4,240,000