Montoya Company Has Available the Following Information About Its Defined-Benefit

Montoya Company has available the following information about its defined-benefit pension plan for the year ending December 31, 2015: $\begin{array}{lr}\text { Service cost for } 2015 & \$ 25,000 \\\text { Accumulated benefit obligation } & 683,000 \\\text { Plan assets at fair value } & 630,000 \\\text { Accumulated OCl (PSC) } & 300,000 \\\text { Vested benefit obligation } & 505,000 \\\text { Market-related asset value } & 725,000 \\\text { Projected benefit obligation } & 845,000 \\\text { Accumulated OCl net gain } & 90,000 \\\text { Interest on projected benefit obliqation } & 64,000\end{array}$
Instructions
(a) Calculate the pension asset / liability to be recorded at December 31, 2015.
(b) Calculate the 2016 amortization of the net gain. The average remaining service life of employees is 10 years.