Cahal-Michael Company has a postretirement health care benefit plan. On January 1, 2021, the following plan-related data were avallable: The rate of return on plan assets during 2021 was 9%, although it was expected to be 8%. The actuary revised assumptions regarding the APBO at the end of the year, resulting in a $59,000 increase in the estimate of that obligation. Required: 1. Calculate any amortization of the net loss that should be included as a component of postretirement benefit expense for 2021. 2. Assume the postretirement benefit expense for 2021 , not including the amortization of the net loss component, is $232,000. 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. Calculate any amortization of the net loss that should be included as a component of postretirement benefit expense for 2021. (Enter your answers in thousands.) the APBO at the end of the year, resulting in a $59,000 increase in the estimate of that obligation. Required: 1. Calculate any amortization of the net loss that should be included as a component of postretirement benefit expense for 2021 . 2. Assume the postretirement benefit expense for 2021 , not including the amortization of the net loss component, is $232,000. 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. Calculate any amortization of the net loss that should be included as a component of postretirement benefit expense for 2021. (Enter your answers in thousands.) The rate of return on plan assets during 2021 was 9%, although it was expected to be 8%. The actuary revised assumptions regarding the APBO at the end of the year, resulting in a $59,000 increase in the estimate of that obligation. Required: 1. Calculate any amortization of the net loss that should be included as a component of postretirement benefit expense for 2021. 2. Assume the postretirement benefit expense for 2021 , not including the amortization of the net loss component, is $232,000. 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. Assume the postretirement benefit expense for 2021, not including the amortization of the net loss component, is $232,000. What is the expense for the year? The rate of return on plan assets during 2021 was 9%, although it was expected to be 8%. The actuary revised assumptions regarding the APBO at the end of the year, resulting in a $59,000 increase in the estimate of that obligation. Required: 1. Calculate any amortization of the net loss that should be included as a component of postretirement benefit expense for 2021. 2. Assume the postretirement benefit expense for 2021, not including the amortization of the net loss component, is $232,000. 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. Determine the net loss or gain as of December 31,2021