The following data are for the pension plan for the employees of Agnes Company.

1/1/21 12/31/21 12/31/22

Accumulated benefit obligation $2,500,000 $2,750,000 $3,120,000

Projected benefit obligation 2,650,000 2,950,000 3,050,000

Plan assets (at fair value) 1,950,000 2,520,000 3,205,000

AOCI net loss -0- 402,000 504,000

Agnes estimates that the average remaining service life is 10 years.

The amount of AOCI-net loss amortized in 2022 was

Question 21 options:

a)

$40,200

b)

$402,000

c)

$20,700

d)

$10,700