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The following data are for the pension plan for the employees of Lockett Company. 1/1/2012/31/2012/31/21...

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Accounting

The following data are for the pension plan for the employees of Lockett Company.
1/1/2012/31/2012/31/21
Accumulated benefit obligation $5,000,000 $5,200,000 $6,800,000
Projected benefit obligation 5,400,0005,600,0007,400,000
Plan assets (at fair value)4,600,0006,000,0006,600,000
AOCL net loss -0-960,0001,000,000
Settlement rate (for year)10%9%
Expected rate of return (for year)8%7%
Locketts contribution was $840,000 in 2021 and benefits paid were $750,000. Lockett
estimates that the average remaining service life is 15 years.
The corridor for 2021 was $600,000. The amount of AOCI-net loss amortized in 2021 was
a. $66,666.
b. $64,000.
c. $28,000.
d. $24,000

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