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At December 31, High Horse Company has the following pension plan information. Fair value of...

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Accounting

At December 31, High Horse Company has the following pension plan information. Fair value of plan assets, beginning of year $1,100,000 Fair value of plan assets, ending of year 1,135,000 Contributions 275,000 Benefits paid 340,000 Expected rate of return on plan assets 7% The expected return on plan assets was used to calculate net periodic pension cost. No actuarial gains or losses were incurred during the year. High Horse's effective tax rate is 30%. What is the net gain to be reported in other comprehensive income under U.S. GAAP?

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