Longlee Electrical Company maintains a fund to cover its pension plan. The following data relate to the fund for 2015:
January 1 FVPF $875,000
Market-related value of the pension fund (five-year weighted average) $715,000
During Year Pension benefits paid $62,000
December 31 FVPF $980,000
Market-related value of the pension fund (five-year weighted average) $730,000
Compute the 2015 actual return on the pension fund for Longlee Electrical
should be: Actual return on the pension fund-2015: $97,000