At the beginning of the current$$ year, a pension has assets of $ $45$ comma $100$ comma $000$$$45,100,000$ and accrued benefit obligation of $ $57$ comma $000$ comma $000$$$57,000,000.$ During the$$ year, the sponsor recorded $ $3$ comma $195$ comma $000$$$3,195,000$ in pension expense and contributed $ $4$ comma $965$ comma $000$$$4,965,000$ to the pension plan. At the end of the$$ year, the plan assets had a fair value of $ $48$ comma $900$ comma $000$$$48,900,000$ while the plan obligations had a present value of $ $59$ comma $000$ comma $000$$$59,000,000.$

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Part $1$

Complete the pension obligations schedule.$($Use a minus sign or parentheses to enter a decrease in the accrued pension obligation$$ and$/$or an actuarial$$ loss.$)$

Pension assets schedule

Plan assets, beginning of year

$$45,100,000$

Plan obligations, beginning of year

$(57,000,000)$

Net assets $($liabilities$),$ beginning of year

$(11,900,000)$

Increase in net assets from cash contribution

$4,965,000$

Decrease in net assets from pension expense

$(3,195,000)$

Expected value of net assets $($liabilities$),$ end of year

$$(10,130,000)$

Part $2$

Now complete the pension obligations$$ schedule, and then calculate the$$ OCI: gain$($loss$)$ on fair value$$ re$-$measurement.$($Use a minus sign or parentheses to enter a decrease in the accrued pension obligation$$ and$/$or an actuarial$$ loss.$)$

Pension obligations schedule

Fair value of plan assets, end of year

$48,900,000$

Present value of plan obligations, end of year

$59,000,000$

Net assets $($liabilities$)$ at fair value, end of year

$10,100,000$

Less: Expected value of net assets $($liabilities$),$ end of year

OCI: gain $($loss$)$ on fair value re$-$measurement

$30000$