required 1,2,3

Herring Wholesale Company has a dened benet pension plan. On January 1, 2021, the following pension related data were available: l$ in thousands) Net gain-A0121 $280 Accumulated benefit obligation 2.9m Projected benefit obligation 2.1m Fair value of plan assets 1,668- Average remaining service period of active employees [expected to remain constant for the next several years} 14years ' The rate of return on plan assets during 2021 was 8%. although it was expected to be 10%. The actuary revised assumptions regarding the P30 at the end of the year. resulting in a $32,000 decrease in the estimate of that obligation. Requlred: 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 $334,000. What is pension expense for the year? 3. Determine the net lossAOCI or net gainAOCI as of January 1, 2022. 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 $334,000. What is pension expense for the year? 3. Determine the net loss-AOCI or net gain-AOCI as of January 1, 2022. (For all requirements, enter your answers in thousands (i.e. 200,000 should be entered as 200).) X Answer is not complete. ($ in thousands) 1 . Amount amortized to 2021 pension expense $ 5,000 X 2. Pension expense 3. Net gain -AOCI, end of 2021 (beg. of 2022