Exercise 17-13 (Static) Determining the amortization of net loss or net gain [LO17-6]

Hicks Cable Company has a defined benefit pension plan. Three alternative possibilities for pension-related data at January 1, 2024, are shown below:

($ in thousands) Case 1 Case 2 Case 3 Net loss (gain)AOCI, January 1 $ 320 $ (330) $ 260 2024 loss (gain) on plan assets (11) (8) 2 2024 loss (gain) on PBO (23) 16 (265) Accumulated benefit obligation, January 1 (2,950) (2,550) (1,450) Projected benefit obligation, January 1 (3,310) (2,670) (1,700) Fair value of plan assets, January 1 2,800 2,700 1,550 Average remaining service period of active employees (years) 12 15 10

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 2024.
2. For each independent case, determine the net lossAOCI or net gainAOCI as of January 1, 2025.