Erickson Company sponsors a defined benefit pension plan. The corporation's actuary provides the following information about the plan. January 1, 2025 December 31, 2025 Vested benefit obligation $1,500 $1,900 Accumulated benefit obligation 1,900 2,730 Projected benefit obligation 2,500 3,300 Plan assets (fair value) 1,700 2,620 Settlement rate and expected rate of return 10% Pension asset/liability 800 ? Service cost for the year 2025 $ 400 Contributions (funding in 2025) 700 Benefits paid in 2025 200 Instructions Compute the actual return on the plan assets in 2025. Compute the amount of the other comprehensive income (G/L) as of December 31, 2025. (Assume the January 1, 2025, balance was zero.) Compute the amount of net gain or loss amortization for 2025 (corridor approach). Compute pension expense for 2025.
