Smith, Inc -The Deferred Gain or Loss from the Return on Plan

Smith, Inc. has a pension plan with the following data available for 2014 and 2015:
$\begin{array}{lcc}&2014&2015\\\text { Service cost } & \$ 30,000 & \$ 34,000 \\\text { Interest cost } & \$ 18,000 & \$ 20,000 \\\text { Actual return on plan assets } & \$ 15,000 & \$ 21,600 \\\text { Beginning of year plan assets } & \$ 200,000 & \$ 240,000 \\\text { Settlement rate } & 8 \% & 8 \% \\\text { Expected return on plan assets } & 8 \% & 8 \%\end{array}$
-The deferred gain or loss from the return on plan assets for 2014 is

A) $0.
B) $1,000 deferred gain.
C) $1,000 deferred loss.
D) unknown from information provideD. $\begin{array}{ll}\text { Expected return on plan assets } & \$ 16,000 \\\text { Actual retum on plan assets } & 15,000 \\\text { Deferred loss } & \$ 1,000\end{array}$

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