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

1/1/23 12/31/23 12/31/24

Accumulated benefit obligation $5,000,000 $5,200,000 $6,800,000

Projected benefit obligation 5,400,000 5,600,000 7,400,000

Plan assets (at fair value) 4,600,000 6,000,000 6,600,000

AOCL net loss -0- 960,000 1,000,000

Settlement rate (for year) 10% 9%

Expected rate of return (for year) 8% 7%

Locketts contribution was $840,000 in 2024 and benefits paid were $750,000. Lockett estimates that the average remaining service life is 15 years.

The corridor for 2023 was $600,000. The amount of AOCI-net loss amortized in 2024 was

a.

$66,666

b.

$64,000.

c.

$28,000.

d.

$24,000