Sarasota Inc. has beginning-of-the-year present values for its projected benefit obligation and market-related values for its pension plan assets.

		Projected Benefit Obligation		Plan Assets Value
2019		$1,070,000		$963,000
2020		1,337,500		1,177,000
2021		1,712,000		1,551,500
2022		2,247,000		2,140,000

The average remaining service life per employee in 2019 and 2020 is 8 years and in 2021 and 2022 is 11 years. The net gain or loss that occurred during each year is as follows: 2019, $176,550 gain; 2020, $42,800 gain; 2021, $32,100 loss; and 2022, $16,050 loss. (In working the solution, the gains and losses must be aggregated to arrive at year-end balances.) Using the corridor approach, compute the amount of net gain or loss amortized and charged to pension expense in each of the 4 years, setting up an appropriate schedule.

Year

Minimum Amortization of Loss

2019

$enter a dollar amount

2020

$enter a dollar amount

2021

$enter a dollar amount

2022

$enter a dollar amount Sarasota Inc. has beginning-of-the-year present values for its projected benefit obligation and market-related values for its pension plan assets.

		Projected Benefit Obligation		Plan Assets Value
2019		$1,070,000		$963,000
2020		1,337,500		1,177,000
2021		1,712,000		1,551,500
2022		2,247,000		2,140,000

The average remaining service life per employee in 2019 and 2020 is 8 years and in 2021 and 2022 is 11 years. The net gain or loss that occurred during each year is as follows: 2019, $176,550 gain; 2020, $42,800 gain; 2021, $32,100 loss; and 2022, $16,050 loss. (In working the solution, the gains and losses must be aggregated to arrive at year-end balances.) Using the corridor approach, compute the amount of net gain or loss amortized and charged to pension expense in each of the 4 years, setting up an appropriate schedule.

Year		Minimum Amortization of Loss
2019		$enter a dollar amount
2020		$enter a dollar amount
2021		$enter a dollar amount
2022		$enter a dollar amount