Cummings Inc. had the following reconciliation at December 31, 2017:

Fair value of plan assets.......................$5,000

PBO...............................................4,200

Funded status....................................$ 800

AOCI-prior service cost......................$ 300

AOCI-net actuarial loss.........................700

Total pension AOCI loss.....................$1,000

The following assumptions are being used for the pension plan in 2018:

Discount rate...............................................................5%

Expected rate of return on plan assets..................................8%

Average remaining work life.......................................10 years

Remaining amortization period for prior service costs...........6 years

Additional 2018 Information:

Service cost................................................$442

Cash contributed to the plan (year-end).................250

Pension benefits paid by the plan (year-end)...........465

Actual return on plan assets..............................673

New actuarial loss on the PBO............................64

Required:

1. Compute pension expense for 2018.

2. Compute the fair value of plan assets at December 31, 2018.

3. Compute the PBO at December 31, 2018.

4. Compute AOCI-net actuarial loss as of December 31, 2018.