Norton Co. had the following amounts related to its pension plan in 2014.
Actuarial liability loss for 2014 $28,000
Unexpected asset gain for 2014 18,000
Accumulated other comprehensive income (G/L) (beginning balance) 7,000 Cr.
Determine for 2014: (a) Norton’s other comprehensive income (loss), and (b) comprehensive income. Net income for 2014 is $26,000; no amortization of gain or loss is necessary in 2014.