Use the following information for questions.
The following data are for the pension plan for the employees of Lockett Company.
Lockett's contribution was $1,260,000 in 2011 and benefits paid were $1,125,000.Lockett
estimates that the average remaining service life is 15 years.
-Assume that the actual return on plan assets in 2011 was $800,000.The unexpected gain on plan assets in 2011 was
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