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Heming Wholesale Company has a defined benefit pension plan. On January 1, 2016, the following pension related data were available: The rate of return on

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Heming Wholesale Company has a defined benefit pension plan. On January 1, 2016, the following pension related data were available: The rate of return on plan assets during 2016 was 8%, although it was expected to be 10%. The actuary revised assumptions regarding the PBO at the end of the year, resulting in a $32,000 decrease in the estimate of that obligation. Calculate any amortization of the net gain that should be included as a component of net pension expense for 2016. Amount amortized to 2016 pension expense thousand Assume the net pension expense for 2016, not including the amortization of the net gain component, is $334,000. What is pension expense for the year? Pension expense thousand

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