The actuary for the pension plan of Regina Company calculated the following net gains and losses.

Incurred

during the Year (Gain) or Loss

2014 ........$ (660,000)

2015 ........ 250,000

2016 ........ 1,000,000

2017 ........ 400,000

Other information about the company’s pension obligation and plan assets is as follows.

Regina 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 3,500. The beginning balance of Accumulated OCI (G/L) is zero on January 1, 2014. 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.

Instructions
(Round to the nearest dollar.)
Prepare a schedule which reflects the minimum amount of Accumulated OCI (G/L) amortized as a component of net periodic pension expense for each of the years 2014, 2015, 2016, and 2017. Apply the “corridor” approach in determining the amount to be amortized eachyear.

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As of January1 2014 2015 2016 2017 Projected Benefit Obligation $4,000,000 4,500,000 4,900,000 5,250,000 Plan Assets (market-related asset value) $3,400,000 3,640,000 3,900,000 4,360,000