Averon Industrial, Inc., computed the following components of pension expense for the years 2011€“2013:

Instructions:
1. Compute the net periodic pension expense for the years 2011€“2013.
2. Prepare the summary journal entries to record the computed pension expense in (1) and the funding of the pension plan.
3. If the pension-related asset balance at January 1, 2011, was $75,000, compute the balance of the pension-related asset/liability account at December 31, 2013. Also compute the balance in pension-related accumulated other comprehensive income at December 31, 2013; the balance on January 1, 2011 was a debit of$600,000.

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(in thousands) Components of Pension Expense 2011 2012 2013 Service cost Interest cost Actual return on the pension fund Expected return on the pension fund Amortization of deferred pension (gain) or loss- $330 150 35 30 170 50 45 $580 220 40 50 above corridor amount Amortization of prior service cost Amount contributed to fund (20) 70 520 (10) 90 580 18 90 750