On January 1, 74, Tank Co. had the following balances: Accumulated benefit obligation. $4,780,000 Projected benefit obligation (not including any information below................. 4,800,000 Fair value of plan assets 4,800,000 Other data related to the pension plan for Y4: Service cost. 210,000 The pension plan was amended, increasing benefits to retirees (and PBO at January 1, 2004) by this amount 32,000 Contributions to the plan ..... 306,000 Benefits paid retirees ............ 300,000 Actual return on plan assets.......... 1,000 Settlement rate...... 9% Expected rate of return ....... 12% Average remaining service life of active employees.. ............... 10 years Accumulated benefit obligation at 12/31/Y4. 5,136,000 Instructions (for credit, please clearly show computations): 1. Calculate pension expense for Y4. 2. Prepare the pension related journal entries for Y4. 3. Determine the value of the plan assets at December 31, Y4. 4. Determine the gain or loss that will be amortized in Y5, if any. If some is amortized in Y5, please indicate if pension expense will be increased or decreased