Jordon Corporation obtains the following information from its actuary. All amounts given are as of 1/1/06 (beginning of the year).

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1/1/06

Projected benefit obligation

$1,530,000

Market-related asset value

1,650,000

Unrecognized net loss

235,000

Average remaining service period

5.5 years

What amount of unrecognized net loss should be recognized as part of pension cost in 2006?

  1. $70,000
  2. $42,727
  3. $14,909
  4. $12,727