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Question - Bonita Importers provides the following pension plan information.
Fair value of pension plan assets, January 1, 2017 $2,381,000
Fair value of pension plan assets, December 31, 2017 2,709,000
Contributions to the plan in 2017 293,000
Benefits paid retirees in 2017 370,000
Required - From the data above, compute the actual return on the plan assets for 2017.
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