Herring wholesale company has a defined benefit pension plan. on january 1, 2018, the following pension related data were available: ($ in 000s) net gain–aoci $270 accumulated benefit obligation 1,470 projected benefit obligation 1,500 fair value of plan assets 1,400 average remaining service period of active employees (expected to remain constant for the next several years) 15 years the rate of return on plan assets during 2018 was 7%, although it was expected to be 10%. the actuary revised assumptions regarding the pbo at the end of the year, resulting in a $26,000 decrease in the estimate of that obligation. required: 1. calculate any amortization of the net gain that should be included as a component of net pension expense for 2018. 2. assume the net pension expense for 2018, not including the amortization of the net gain component, is $328,000. what is pension expense for the year? 3. determine the net loss—aoci or net gain—aoci as of january 1, 2019.

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During january 2018, the following transactions occur: january 1 purchase equipment for $20,600. the company estimates a residual value of $2,600 and a five-year service life. january 4 pay cash on accounts payable, $10,600. january 8 purchase additional inventory on account, $93,900. january 15 receive cash on accounts receivable, $23,100 january 19 pay cash for salaries, $30,900. january 28 pay cash for january utilities, $17,600. january 30 firework sales for january total $231,000. all of these sales are on account. the cost of the units sold is $120,500. the following information is available on january 31, 2018. depreciation on the equipment for the month of january is calculated using the straight-line method. the company estimates future uncollectible accounts. at the end of january, considering the total ending balance of the accounts receivable account as shown on the general ledger tab, $4,100 is now past due (older than 90 days), while the remainder of the balance is current (less than 90 days old). the company estimates that 50% of the past due balance will be uncollectible and only 3% of the current balance will become uncollectible. record the estimated bad debt expense. accrued interest revenue on notes receivable for january. unpaid salaries at the end of january are $33,700. accrued income taxes at the end of january are $10,100

Reagan corporation is a wholesale distributor of truck replacement parts. initial amounts taken from reagan's records are as follows: