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Erickson Company sponsors a defined benefit pension plan. The corporations actuary provides the following information about the plan. January 1, 2017 December 31, 2017 Vested

Erickson Company sponsors a defined benefit pension plan. The corporations actuary provides the following information about the plan.

January 1, 2017 December 31, 2017
Vested benefit obligation $1,500 $1,900
Accumulated benefit obligation 1,900 2,730
Projected benefit obligation 2,500 3,300
Plan assets (fair value) 1,700 2,620
Settlement rate and expected rate of return 10%
Pension asset/liability 800 ?
Service cost for the year 2017 400
Contributions (funding in 2017) 700
Benefits paid in 2017 200

(a) Compute the actual return on the plan assets in 2017. (b) Compute the amount of the other comprehensive income (G/L) as of December 31, 2017. (Assume the January 1, 2017, balance was zero.) (Enter loss using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) (c) Compute the amount of net gain or loss amortization for 2017 (corridor approach). (d) Compute pension expense for 2017.

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