4. During 2015, the Electric Company experienced a difference between its expected and actual projected benefit obligation. At the beginning of 2016, Electric's actuary notified them of the following

accumulated information related to their plan:

Net loss (1/1/2016) $ 165,000 Actual projected benefit obligation (1/1/2016) 356,000 Fair value of plan assets (1/1/2016) $ 865,000

On December 31, 2016, Electric is in the process of calculating the net gain or loss to

include in its pension expense for 2016. The average remaining service life of its

employees is 10 years and there are no differences between the company's expected

and annual rate of return on plan assets in 2016.

Required: Compute the amount of the net gain or loss to include in the pension expense for 2016. Note whether it is an addition or subtraction to the pension expense.