The following data relate to the operation of Oriole Co.s pension plan in 2021.

Service cost		$61,360
Actual return on plan assets		33,280
Amortization of prior service cost		29,120
Annual contributions		53,040
Benefits paid retirees		28,080
Average service life of all employees		25 years

The pension worksheet for 2020 is presented below.

ORIOLE COMPANY Worksheet2020

General Journal Entries

Memo Record

Items

Annual Pension Expense

Cash

OCIPrior Service Cost

OCI Gain/Loss

Pension Asset/Liability

Projected Benefit Obligation

Plan Assets

Balance, Jan. 1, 2020

$124,800

Cr.

$338,000

Cr.

$213,200

Dr.

Service cost

$20,800

Dr.

20,800

Cr.

Interest cost

27,040

Dr.

27,040

Cr.

Actual return

18,720

Cr.

18,720

Dr.

Unexpected loss

2,600

Cr.

$2,600

Dr.

Amortization of PSC

36,400

Dr.

$36,400

Cr.

Contributions

$42,640

Cr.

42,640

Dr.

Benefits

15,600

Dr.

15,600

Cr.

Increase in PBO

45,240

Dr.

45,240

Cr.

Journal entry for 2020

$62,920

Dr.

$42,640

Cr.

36,400

Cr.

47,840

Dr.

31,720

Cr.

Accumulated OCI, Dec. 31, 2019

83,200

Dr.

0

Balance, Dec. 31, 2020

$46,800

Dr.

$47,840

Dr.

$156,520

Cr.

$415,480

Cr.

$258,960

Dr.

For 2021, Oriole will use the same assumptions as 2020 for the expected rate of returns on plan assets. The settlement rate for 2021 is 10%.

Calculate the amortization of the loss, if any, in 2021 using the corridor approach.