Bonny Corp. has a defined benefit pension plan for its employees who have an average remaining service life of 10 years. The following information is available for 2016 and 2017 related to the pension plan:

	2018			2017
Projected benefit obligation, 1/1		?		$	750,000
Service cost	$	70,000			60,000
Actual return on plan assets		66,400			72,000
Bonny Corp. contributions for year ended 12/31		74,000			68,000
Benefits paid during year		67,000			60,000
Fair value of plan assets, 1/1		?			600,000
Actuarial (gain) loss on PBO during year		(13,000	)		4,400
Expected return on plan assets		7	%		7	%
Discount rate		6	%		6	%

Bonny Corp. had no beginning balance in its AOCInet actuarial (gain) loss on January 1, 2017. The actuarial (gains) losses on PBO arose due to changes in assumptions made by the actuaries regarding salary increases (2017) and mortality estimates (2018).

Required:

Compute Bonnys PBO at December 31, 2017, and December 31, 2018.

Compute the fair value of plan assets at December 31, 2017, and December 31, 2018.

Compute the funded status of the plan at December 31, 2017, and December 31, 2018.

Compute the year-end balance in AOCInet actuarial loss (gain) for Bonny Corp. for 2017 and 2018.

Compute OCI for the years ended December 31, 2017, and December 31, 2018.

(For parts 3, 4 and 5, liabilities and losses should be indicated by a minus sign.)