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do this in excel worksheet with notes and calculations The funded status of Hilton Paneling Inc.'s defined benefit pension plan and the balances in prior

do this in excel worksheet with notes and calculations

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The funded status of Hilton Paneling Inc.'s defined benefit pension plan and the balances in prior service cost and the net gainpensions, are given below ($ in thousands): 2021 2021 Beginning Balances Ending Balances Projected benefit obligation $2,300 $2,501 Plan assets 2,400 2,591 Funded status 100 90 Prior service cost-AOCI 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 2021. 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 2021: 1. Actual return on plan assets. 2. Loss or gain on plan assets. 3. Service cost 4. Pension expense. 5. Average remaining service life of active employees (used to determine amortization of the net gain)

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