The following information pertains P15-8 to the pension plan of Beatty Business Group:

Note that the information in Columns (2) and (3) are as of the beginning of the year, whereas the information in Column (4) is measured over the year.

The AOCI—net actuarial (gain) loss at the end of 20X0 was $(70,000). The (gain) loss for the year account represents the excess of the realized return on pension plan assets over the expected return for the specific year. When a (gain) loss was reported, the realized return was (higher) lower than the expected return during that year. The estimated remaining service period of active employees is five years for each of the calendar years.

Required:

Provide a schedule showing how the (gain) loss is amortized over the 20X1–20X6 period. Clearly indicate whether the amortization increases or decreases the pension expense in each year.

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Beginning of the Year (Gain) Loss for the Year (4) Fair Value of Year PBO Pension Plan Assets (1) (2) (3) $ 450,000 $ 410,000 $ (60,000) (120,000) 120,000 175,000 250,000 20X1 20X2 570,000 500,000 20X3 840,000 1,000,000 1,200,000 800,000 20X4 1,100,000 1,280,000 20X5 20X6 1,450,000 1,310,000 80,000