Shown below are the comparative financial statements for ABC Company. In 2012, the FASB released a new financial accounting standard which changed the way pension liabilities and expenses are accounted for. The pension expenses and pension liabilities (part of "Accrued liabilities" and "Expenses" below) under the old approach (debit the expense and credit the liability) were $17,000 for 2014, $14,000 for 2013, and $36,000 for years prior to 2013. Accrued expenses and accrued liabilities under the new approach are $24,000 for 2014, $19,000 for 2013, and $43,000 for years prior to 2013. ABC Company is in a 30% tax bracket.

Required: