Exercise 17-13 (Algo) Determining the amortization of net loss or net gain (L017-6] Hicks Cable Company has a defined benefit pension plan. Three alternative possibilities for pension-related data at January 1, 2021, are shown below: Net loss (gain)-AOCI, Jan. 1 2021 loss (gain) on plan asseta 2021 loss (gain) on PRO Accumulated benefit obligation, Jan. 1 Projected benefit obligation, Jan. 1 Fair value of plan assets, Jan. 1 Average remaining service period of active employees (years) 15 in thousands Case 1 Case 2 Case 3 $ 326 $ (341) $ 266 (17) (29) (14) 22 (278) (3.010) (2,610) (1,510) (3,370) (2,730) (1,760 2,860 2,760 1,610 11 13 Required: 1. For each independent case, calculate any amortization of the net loss or gain that should be included as a component of pension expense for 2021. 2. For each independent case, determine the net loss-AOCI or net gain-AOCI as of January 1, 2022. Complete this question by entering your answers in the tabs below. Requires 1 Required 2 For each independent case, calculate any amortization of the net loss or gain that should be included as a component of pension expense for 2021. (input all amounts as positive values.) Case 3 $ 266 178 Net gain or los Less: Corridor amount Excess. If any Service period (years) Amortization of gain or loss is in thousands) Case 2 $ 341 341 $ 0 13 $ 0 Case 1 $ 326 337 $ O 11 $ 0 $ so $ 10 "Redes response was expected in a formed an is incorrected LIUILISU 11-13 (Algo) Vetermining the amortization of net loss or net gain (L017-6] 2 Hicks Cable Company has a defined benefit pension plan. Three alternative possibilities for pension-related data at January 1, 2021, are shown below: 30 as awarded Scored Net loss (gain)-ADCI, Jan. 1 2021 lens (gain) on plan asseta 2021 loss (gain) on PRO Accumulated benefit obligation, Jan. 1 Projected benefit obligation, Jan. 1 Pair value of plan assets, Jan. 1 Average remaining service period of active employees (years) Case 1 $ 326 (17) (29) (3,010) (3,370) 2,860 in thousands Case 2 Case 3 $ (301) $ 266 (14) 6 22 (278) (2,610) (1,510) (2,730) (1.760) 2,760 1,610 eBook 11 13 9 ferences Required: 1. For each independent case, calculate any amortization of the net loss or gain that should be included as a component of pension expense for 2021 2. For each independent case, determine the net loss-AOCI or net gain-AOCI as of January 1, 2022. Complete this question by entering your answers in the tabs below. Required 1 Required 2 For each Independent case, determine the net loss-AOCI or net gain-AOCI as of January 1, 2022. (Amounts to be deducted and loss amounts should be indicated by a minus sign.) January 1, 2021 net loss (gain) Loss (gain) on plan assets Amortization Loss gain) on PBO January 1, 2022 net loss or gain) - AOCI (5 in thousanda) Case 1 Case 2 $ 326 $ (341) (17) 30 26 (30) 22 $ 309 $ (307) Case 3 $ 266 6 29 (278) $ 23