Gottschalk Company sponsors a defined benefit plan for its 100 employees. On January 1, 2014, the companys actuary provided the following information.

Accumulated other comprehensive loss (PSC)	$154,200
Pension plan assets (fair value and market-related asset value)	193,800
Accumulated benefit obligation	260,900
Projected benefit obligation	382,600

The average remaining service period for the participating employees is 10 years. All employees are expected to receive benefits under the plan. On December 31, 2014, the actuary calculated that the present value of future benefits earned for employee services rendered in the current year amounted to $58,900; the projected benefit obligation was $499,600; fair value of pension assets was $277,900; the accumulated benefit obligation amounted to $372,900. The expected return on plan assets and the discount rate on the projected benefit obligation were both 10%. The actual return on plan assets is $15,900. The companys current years contribution to the pension plan amounted to $68,200. No benefits were paid during the year.

1) Determine the components of pension expense that the company would recognize in 2014.

2) Prepare the journal entry to record the pension expense and the companys funding of the pension plan in 2014

3) Compute the amount of the 2014 increase/decrease in gains or losses and the amount to be amortized in 2014 and 2015.