80 Cahal-Michael Company has a postretirement health care benefit plan. On January 1.2021 the following plan-related data were available Not To NICE Fair value of plan assets Skipped Average remaining service period to retirement 14 years (sa in previous 18 years) ences The rate of return on plan assets during 2021 was 10%, although it was expected to be 9%. The actuary revised assumptions regarding the APBO at the end of the year, resulting in a $50,000 increase in the estimate of that obligation Required: 1. Calculate any amortization of the net loss that should be included as a component of postretement benetit expense for 2021. 2. Assume the postretirement benefit expense for 2021, not including the amortization of the net loss component, is $223,000 What is the expense for the year 3. Determine the net loss or gain as of December 31, 2021 Complete this question by entering your answers in the tabs below. Red 2 Calculate any amortization of the nuts that should be included as a component of postretirement benet expense for 2021 nter your answers in thousands) in thousands Check my work