The following pension-related data pertain to Metro Recreation’s noncontributory, defined benefit pension plan for 2024 ($ in thousands):

Required:
Prepare a pension spreadsheet that shows the relationships among the various pension balances, shows the changes in those balances, and computes pension expense for 2024.

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Projected benefit obligation Accumulated benefit obligation Plan assets (fair value) Interest (discount) rate, 7% Expected return on plan assets, 10% Prior service cost-AOCI (from Dec. 31, 2023, amendment) Net loss-AOCI Average remaining service life: 12 years Gain due to changes in actuarial assumptions Contributions to pension fund (end of year) Pension benefits paid (end of year) Jan. 1 $4,100 3,715 4,530 840 477 Dec. 31 $4,380 3,950 4,975 44 340 295