Question: At the beginning of the current year, a pension has assets of $45,600,000 and accrued benefit obligation of $57,500,000. During the year, the sponsor recorded

At the beginning of the current year, a pension has assets of $45,600,000 and accrued benefit obligation of $57,500,000. During the year, the sponsor recorded $3,200,000 in pension expense and contributed $5,000,000 to the pension plan. At the end of the year, the plan assets had a fair value of $49,400,000 while the plan obligations had a present value of $59,000,000.


Required:

Compute the amount of other comprehensive income relating to the pension plan for the year.

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