Lightning transportation reported a net loss-AOCI in last year's balance sheet. This year, the company revised its estimate of future salary levels causing its PBO estimate to decline by $12. Also, the $24 million actual return on plan assets was less than the $27 million expected return.

1. Prepare the appropiate jounral entries to record the gain and loss.

2. How does this gain and loss affect Lightning's income statement, statement of comprehensive income, and balance sheet?