At January 1, 2014, Archer Co.€™s PBO is $500,000 and the fair value of its pension plan assets is $630,000. The average remaining service period of Archer€™s employees is 12 years. The AOCI€”net actuarial loss (gain) at January 1, 2014, is $(70,000). The following additional information is available related to Archer€™s actuarial gains and losses:

Required:
For each year, 2014 through 2016, compute
1. The amount of recognized loss (gain) to be included in pension expense. Be sure to indicate whether the recognized amount increases or decreases pension expense.
2. The ending balance of AOCI€”net actuarial (gain) loss.
3. OCI€”net actuarial (gain)loss.

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2014 $(30,000) 60.000 560,000 575,000 2015 2016 New actuarial loss (gain) on PB0 New deferred loss (gain) on plan assets PBO at 12/31 Fair value of plan assets at 12/31 S65,000 55,000 675,000 530,000 $(63,000) (32,000) 628,000 650,000