At January 1, 2014, Milo Co.€™s projected benefit obligation is $300,000, and the fair value of its pension plan assets is $340,000. The average remaining service period of Milo€™s employees is 10 years. The following additional information is available for Milo€™s net actuarial gains and losses:

Required:
Compute the amount of recognized gain or loss to be included in pension expense for each year, 2014 through 2016. Indicate whether the recognized amount increases or decreases pensionexpense.

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2014 $ 40,000 341,000 323,000 2015 2016 AOCI-net actuarial (gain) loss at 1I PBO at 1231 Fair value of plan assets at 1231 $28,000 402,000 419,000 $53,000 416,000 438,000