The following information relates to the defined benefit pension plan of the Summersville Company for the year ending December 31 . 2014: Projected benefit obligation, January 1 ............... $4,600,000 Projected benefit obligation, December 31 ............. 4,729,000 Fair value of plan assets, January 1 .................. 5,035,000 Fair value of plan assets, December 31
5,565,000 Expected return on plan assets ........................ 450,000 Amortization of deferred gain ......................... 32,500 Employer contributions ................................ 425,000 Benefits paid to retirees ............................. 390,000 Settlement rate ....................................... 10% The net amount of the gain or loss component to be included in pension cost for 2014 would be
a. $8,500
b. $32,500.
c. $47,500.
d. $77,500.
A
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