Dalton Corporation has a noncontributory, funded, defined benefit pension plan that specifies annual year end retirement payments. Daltons pension plan specifies annual year end retirement payments equal to: 2% X Service Years X Final Years Salary. Dalton complies with generally accepted accounting principles (GAAP). The only employee of the company was hired on 1-1-2012 and has earned pension benefits since he was hired. He is expected to retire on 12-31-2026. His retirement is expected to span 8 years. Thus, he is expected to receive his first pension check on 12-31-2027 and his 8th (and last) pension check on 12-31-2034. His annual salary was $50,000 for 2016, while his final years salary (2026) is expected to be $100,000.

Prior to the change in the actuarial estimate (actuarial assumption) of the actuarys discount rate (settlement rate), described next, the projected benefit obligation was $35,000 as of 1-1-2017, i.e., 12-31-2016.

On 1-1-2017, Dalton Corporation revised its estimate of actuarys discount rate, i.e., settlement rate, to 5% per year.

As noted above, prior to the change in estimate (assumption) of the actuarys discount rate (settlement rate), the projected benefit obligation was $35,000 as of 1-1-2017, i.e., 12-31-2016. That is, the $35,000 was calculated using the previous estimate of the of the actuarys discount rate (settlement rate).

Required

For Dalton what is the unrecognized gain or unrecognized loss as of 1-1-2017 ?