1. The funded status of Hilton Paneling Inc.'s dened benet pension plan and the balances in prior service cost and the net gainpensions, are given below ($ in thousands): 2018 2018 Beginnin Ending 9 Balance Balances 5 Projected benet obligation $2,300 $2,501 Plan assets 2,400 2,591 Funded status 100 90 Prior service costAOCI 325 300 Net gain AOCI 330 300 Retirees were paid $270,000, and the employer contribution to the pension fund was $245,000 at the end of 2018. The expected rate of return on plan assets was 10%, and the actuary's discount rate is 7%. There were no changes in actuarial estimates and assumptions regarding the PBO. Required: Determine the following amounts for 2018: 1. Actual return on plan assets 2400,000+AR+245,000-270,000=2591,000 AR=216,000 2. Loss or gain on plan assets ER=2400,000*0.1=240,000 Loss on plan assets=ERAR=24,000 3. Service cost 2300,000+SC+2300,000*0.07-270,000=2501,000 SC=310,000 4. Pension expense 310,000+2300,000*0.07-240,00+25,000-6,000=250,000