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Net Gain or Loss For several years, Kent Company has had a defined benefit contribution plan for its employees. During those years, Kent experienced differences between its expected and actual projected benefit obligation. These differences resulted in a cumulative net gain or loss at the beginning of each subsequent year. The following schedule summarizes the amounts related to the preceding information for the years 2016 through 2018 Cumulative Net Loss (Gain)* $25,000 26,000 36,500 Year 2016 2017 2018 At beginning of year Kent's actuary and funding agency have also provided the following information about the company's actual projected benefit obligation and fair value of plan assets at the beginning of each year: Year Projected Benefit Obligation Plan Assets 2016 2017 2018 Kent uses the corridor approach and amortizes any excess gain or loss by the straight-line method over the average remaining service $220,000 275,000 320,000 $200,000 270,000 325,000 Kent uses the corridor approach and amortizes any excess gain or loss by the straight-line method over the average remaining service life of its active participating employees. Because of a consistent pattern of employee hirings and retirements, this average service life has remained at 20 years for 2016 through 2018. Required: Prepare a schedule to compute the amount of the net gain or loss to include in Kent's pension expense for 2016 through 2018. Enter all amounts as positive numbers. KENT COMPANY Pension Expense Net Gain/Loss 2016 2018 CumulativeProjected Fair Value Excess Amortized Benefit of Plarn Obligation Assets Corridor Net Loss Net Loss ain Net 2017 2018

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