Gibbs Company has 280 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 2,800. The actuary for the company's pension plan calculated the following net gains and losses: For the Year Ended December 31 (Gain) Or Loss 2014 $720,000 2015 (634,000) 2016 1,070,000 Prior to 2014, 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 of January 1 2014 2015 2016 Projected benefit obligation $2,180,000 $2,420,000 $3,020,000 Fair value of plan assets 1,760,000 2,540,000 2,630,000 Based on the above information about Gibbs Company, prepare 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 2014, 2015, and 2016. The company amortizes net gains or losses using the straight-line method over the average service life of participating employees. Beginning of Year Projected Benefit Obligation Plan Assets Corridor Accumulated OCI (Gain/Loss) Amortization 2014 $ $ $ $ $ 2015 2016