Hall of Fame Co has a defined benefit pension plan. Two alternative possibilities for pension-related data for the current calendar year are shown below: Set loss (gain), Jan. 1 LOSS (gain) on plan assets Lons gain) on 30 ABO, Jan. 1 Pho, Jan. 1 Plan aste, Jan. 1 Average remaining service period of active employees (years) Case 1 $ 1208,000) 45,000) 11,000 (1,400,000) 11,600,0001 1,900,000 Case 2 190,000 1,000 (210,000) (1,250,000) (1,500,000) 1,350,000 12 10 Required: 1. For each independent case, calculate amortization of the net loss or gain that should be included as a component of pension expense for the current year. 2. Determine the net loss or gain as of December 31 of the current year. Complete this question by entering your answers in the tabs below. Required Required 2 For each independent case, calculate amortization of the net loss or gain that should be included as a component of pension expense for the current year. (Input all amounts as positive values.) Case 1 Case 2 Netloss or gain Less 10% comidor Excess Service period Amortization $ os 0 0 Required 2 > Hall of Fame Co has a defined benefit pension plan. Two alternative possibilities for pension-related data for the current calendar year are shown below: Net loss (gain), Jan. 1 Loss (gain) on plan assets Loss (gain) on PBO ABO, Jan. 1 PBO, Jan. 1 plan assets, Jan. 1 Average remaining service period of active enployees (years) Case 1 Case 2 $ (208,000) $ 190.000 (5,000) 1,000 11,000 (210,000) (1,400,000) (1,250,000) (1,600,000) (1,500,000) 1.900,000 1,350,000 12 10 Required: 1. For each independent case, calculate amortization of the net loss or gain that should be included as a component of pension expense for the current year. 2. Determine the netloss or gain as of December 31 of the current year Complete this question by entering your answers in the tabs below. Required 1 Required 2 Determine the net loss or gain as of December 31 of the current year. (Amounts to be deducted should be indicated by a minus sign) Case 1 (208.000) Case 2 190,000 $ Balance, January 1 Loss (gain) on plan assets Amortization Loss (gain) on PBO Not loss (gain), 12/31 $ (208,000) $ 190,000