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The following information pertains to Havana Corporation's defined benefit pension plan: ($ in thousands) 2021 2022 Beginning balances Beginning balances Projected benefit obligation $ (6,000
The following information pertains to Havana Corporation's defined benefit pension plan:
($ in thousands) | 2021 | 2022 | ||||||
Beginning balances | Beginning balances | |||||||
Projected benefit obligation | $ | (6,000 | ) | $ | (6,504 | ) | ||
Plan assets | 5,760 | 6,336 | ||||||
Prior service costAOCI | 600 | 552 | ||||||
Net lossAOCI | $ | 720 | $ | 786 | ||||
At the end of 2021, Havana contributed $696 thousand to the pension fund and benefit payments of $624 thousand were made to retirees. The expected rate of return on plan assets was 10%, and the actuary's discount rate is 8%. There were no changes in actuarial estimates and assumptions regarding the PBO.
What is Havana's 2021 gain or loss on plan assets?
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