Open Arms Industries has a noncontributory, defined benefit pension plan. During 2018, changing economic conditions caused the actuary to increase the assumed rate of salary progression. Assuming the magnitude of the change is $7 million. Prepare the appropriate journal entry to record any 2018 gain or loss. (Ignore income taxes.) If Open Arms prepares its financial statements according to U.S. GAAP, how will the company report the gain or loss?