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Smith, Inc. has a pension plan with the following data available for 2018 and 2019: 2018 2019 Service cost $ 30,000 $ 34,000 Interest cost

Smith, Inc. has a pension plan with the following data available for 2018 and 2019:

2018 2019
Service cost $ 30,000 $ 34,000
Interest cost $ 18,000 $ 20,000
Actual return on plan assets $ 15,000 $ 21,600
Beginning of year plan assets $ 200,000 $ 240,000
Discount rate 8 % 8 %
Expected return on plan assets 8 % 8 %

The adjustment to OCI for gain or loss from the return on plan assets for 2018 is:

Multiple Choice

unknown from information provided.

$1,000 loss.

$1,000 gain.

$0.

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