Norton Co. had the following amounts related to its pension plan in 2014. Actuarial liability loss

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.

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