Herring Wholesale Company has a defined benefit pension plan. On January $1,2024,$ the following pension related data were available:

$($$ in thousands$)$

Net gain$$AOCI $ $300$

Accumulated benefit obligation $1,670$

Projected benefit obligation $2,200$

Fair value of plan assets $1,600$

Average remaining service period of active employees $($expected to remain constant for the next several years$)16$ yearsThe rate of return on plan assets during $2024$ was $9\%,$ although it was expected to be $10\%.$ The actuary revised assumptions regardingHerring Wholesale Company has a defined benefit pension plan. On January $1,2024,$ the following pension related data were

available:

The rate of return on plan assets during $2024$ was $9\%,$ although it was expected to be $10\%.$ The actuary revised assumptions regarding

the PBO at the end of the year, resulting in a $$28,000$ decrease in the estimate of that obligation.

Required:

Calculate any amortization of the net gain that should be included as a component of net pension expense for $2024.$

Assume the net pension expense for $2024,$ not including the amortization of the net gain component, is $$330,000.$ What is pension

expense for the year?

Determine the net loss$-$AOCl or net gain$-$AOCl as of January $1,2025.$

Note: For all requirements, enter your answers in thousands $($i$.$e$.200,000$ should be entered as $200).$

the PBO at the end of the year, resulting in a $$28,000$ decrease in the estimate of that obligation.

Required:

Calculate any amortization of the net gain that should be included as a component of net pension expense for $2024.$

Assume the net pension expense for $2024,$ not including the amortization of the net gain component, is $$330,000.$ What is pension

expense for the year?

Determine the net loss$-$AOCl or net gain$-$AOCl as of January $1,2025.$

Note: For all requirements, enter your answers in thousands $($i$.$e$.200,000$ should be entered as $200).$