!PLEASE COMPLETE ALL AND IN SAME FORMAT GIVEN!

Net Gain or Loss

For several years, Kent Company has had a defined benefit contribution plan for its employees. During those years, Kent experienced differences between its expected and actual projected benefit obligation. These differences resulted in a cumulative net gain or loss at the beginning of each subsequent year. The following schedule summarizes the amounts related to the preceding information for the years 2016 through 2018:

Year	Cumulative Net Loss (Gain)*
2016	$25,000
2017	26,000
2018	36,500
*At beginning of year

Kent's actuary and funding agency have also provided the following information about the company's actual projected benefit obligation and fair value of plan assets at the beginning of each year:

Year	Projected Benefit Obligation	Plan Assets
2016	$220,000	$200,000
2017	275,000	270,000
2018	320,000	325,000

Kent uses the corridor approach and amortizes any excess gain or loss by the straight-line method over the average remaining service life of its active participating employees. Because of a consistent pattern of employee hirings and retirements, this average service life has remained at 20 years for 2016 through 2018.

Required:

Prepare a schedule to compute the amount of the net gain or loss to include in Kent's pension expense for 2016 through 2018. Enter all amounts as positive numbers.

KENT COMPANY
Pension Expense Net Gain/Loss
2016 - 2018
	Cumulative Net Loss (Gain)	Projected Benefit Obligation	Fair Value of Plan Assets	Corridor	Excess Net Loss (Gain)	Amortized Net Loss (Gain)
2016	$	$	$	$	$	$
2017
2018