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The actuary for the pension plan of Blossom Company calculated the following net gains and losses: Incurred during the Year (Gain) or Loss 2025
The actuary for the pension plan of Blossom Company calculated the following net gains and losses: Incurred during the Year (Gain) or Loss 2025 $(643,000) 2026 259,000 2027 953,000 2028 404,000 Other information about the company's pension obligation and plan assets is as follows: Projected Benefit Plan Assets As of January 1 Obligation (market-related asset value) 2025 $3,927,000 $3,507,000 2026 4,652,000 3,606,000 2027 4,690,000 3,871,000 2028 5,478,000 4,332,000 Blossom Company has a stable labor force of 250 employees who are expected to receive benefits under the plan. The total service- years for all participating employees are 2,750. The beginning balance of Accumulated OCI (G/L) is zero on January 1, 2025. The market-related value and the fair value of plan assets are the same for the 4-year period. Use the average remaining service life per employee as the basis for amortization. Compute the minimum amount of Accumulated OCI (G/L) amortized as a component of net periodic pension expense for each of the years 2025, 2026, 2027, and 2028. Apply the "corridor" approach in determining the amount to be amortized each year. (Round answers to O decimal places, e.g. 2,500. Enter negative amounts using either a negative sign preceding the number e.g. -15,000 or parentheses e.g. (15,000).) Year Minimum Amortization of (Gain) Loss 2025 $ i 2026 2027 $ 2028 0 1927
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