Travis Transportation Reported a Net Loss-AOCI in Last Year's Balance

Essay

Travis Transportation reported a net loss-AOCI in last year's balance sheet. This year, the company revised its estimate of future salary levels causing its PBO estimate to decline by $12. Also, the $24 million actual return on plan assets was less than the $27 million expected return.
Required:
1) Prepare the appropriate journal entries to record the gain and loss.
2) How do this gain and loss affect Travis' income statement, statement of comprehensive income, and balance sheet?