Excelor Company has 200 employees who are expected to receive benefits under the company's defined-benefit pension plan. The total number of service-years of these employees is 2,000. The actuary for the company's pension plan calculated the following net gains and losses: For the Year Ended December 31 (Gain) Or Loss 2017 $540,000 2018 (474,000) 2019 990,000 Prior to 2017, there was no unrecognized net gain or loss Information about the company's projected benefit obligation and market-related (and fair) value of plan assets follows: As January 1 2017 2018 2019 Projected benefit obligation $2,100,000 $2,340,000 $2,940,000 Fair value of plan assets 1,680,000 2,460,000 2,550,000 Instructions 1. Explain corridor amortization 2 Based on the above information about Excelor Company, complete a schedule which reflects the amount of net gain or loss to be amortized by the company as a component of pension expense for the years 2017, 2018, and 2019. The company amortizes net gains or losses using the straight-line method over the average service life participating employees. The schedule setup will be in the pension workbook accompanying this exam