Puhlman Inc. provides a defined benefit pension plan to its employees. It smooths recognition of its gains and losses when computing its market-related value to compute expected return. Additional information follows:

	December 31,
Description	2017			2016
PBO		?		$	2,500,000
ABO	$	2,335,000			2,150,000
Fair value of plan assets		?			2,100,000
Market-related value of plan assets (smoothed recognition)		2,342,800			2,100,000
Benefit payments made		272,000			231,000
AOCInet actuarial (gain) loss		114,000			-0-
AOCIprior service cost		?			400,000
Balance sheet pension asset (liability)		?			(400,000	)
Service cost		214,000
Contribution		321,000
Actual return		129,000
Discount rate for PBO		9	%		10	%
Expected rate of return		10	%		10	%
Average remaining service life of employees		15 years			15 years

During 2017, the PBO increased by $33,000 due to a decrease in the discount rate from the previous year. The 2016 discount rate assumption was used to compute 2017 service cost and interest cost.

Required:

Round all amounts to the nearest dollar:

1. Prepare the companys required pension journal entries for 20X1.
2. Compute the 20X1 increase/decrease in AOCInet actuarial (gains) or losses and the amount to be amortized in 20X1 and 20X2.
3. Confirm that the pension asset (liability) on the balance sheet equals the funded status as of December 31, 20X1.