Vrable Corporation has a defined benefit pension plan. Two alternative possibilities for pension- related data for the current calendar year are shown below:
Case 1 Case 2
Net loss (gain), Jan. 1 $240,000 $(230,000)
Loss (gain) on plan assets (8,000) (6,000)
Loss (gain) on PBO (17,000) 12,000
ABO, Jan 1 (1,900,000) (1,500,000)
PBO, Jan 1 (2,500,000) (1,700,000)
Plan assets, Jan 1 2,100,000 2,000,000
Average remaining service period of active employees (years) 10 12
REQUIRED: For each independent case, calculate amortization of the net loss or gain that should be included as a component of pension expense for the current year.