Montoya Company has available the following information about its defined-benefit pension plan for the year ending December 31, 2015:

Service cost for 2015 $ 25,000

Accumulated benefit obligation 683,000

Plan assets at fair value 630,000

Accumulated OCI (PSC) 300,000

Vested benefit obligation 505,000

Market-related asset value 725,000

Projected benefit obligation 845,000

Accumulated OCI net gain 90,000

Interest on projected benefit obligation 64,000

Instructions

Calculate the pension asset / liability to be recorded at December 31, 2015.

Calculate the 2016 amortization of the net gain. The average remaining service life of employees is 10 years.