Herring Wholesale Company has a defined benefit pension plan. On January 1, 2021, the following pension related data were available:

($ in thousands)

Net gainAOCI $372

Accumulated benefit obligation 2,670

Projected benefit obligation 2,600

Fair value of plan assets 2,200

Average remaining service period of active employees (expected to remain constant for the next several years) 16 years

The rate of return on plan assets during 2021 was 7%, although it was expected to be 10%. The actuary revised assumptions regarding the PBO at the end of the year, resulting in a $38,000 decrease in the estimate of that obligation.

Required:

1. Calculate any amortization of the net gain that should be included as a component of net pension expense for 2021.

2. Assume the net pension expense for 2021, not including the amortization of the net gain component, is $340,000. What is pension expense for the year?

3. Determine the net lossAOCI or net gainAOCI as of January 1, 2022.

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

			($ in thousands)
1.	Amount amortized to 2021 pension expense
2.	Pension expense
3.		AOCI, end of 2021 (beg. of 2022)