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

1/1/14 12/31/14 12/31/15

Accumulated benefit obligation $2,500,000 $2,600,000 $3,400,000

Projected benefit obligation 2,700,000 2,800,000 3,700,000

Plan assets (at fair value) 2,300,000 3,000,000 3,300,000

AOCL net loss -0- 480,000 500,000

Settlement rate (for year) 10% 9%

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

Locketts contribution was $420,000 in 2015 and benefits paid were $375,000. Lockett estimates that the average remaining service life is 15 years.

#1 The actual return on plan assets in 2015 was a. $300,000. b. $255,000. c. $200,000. d. $155,000.

#2 Assume that the actual return on plan assets in 2015 was $265,000. The unexpected gain on plan assets in 2015 was a. $32,000. b. $55,000. c. $35,000. d. $34,000.