The funded status of Hilton Paneling Inc.$\text{'}$s defined benefit pension plan and the balances in prior service cost and the net gain$$pensions$,$ are given below.

$($$ in $000$s$)$

$20212021$

Beginning

Balances Ending

Balances

Projected benefit obligation $ $3,600$ $ $4,101$

Plan assets $4,0004,351$

Funded status $400250$

Prior service cost$$AOCI $420360$

Net gain$$AOCI $418360$

Retirees were paid $$254,000,$ and the employer contribution to the pension fund was $$261,000$ at the end of $2021.$ The expected rate of return on plan assets was $10\%,$ and the actuary$$s discount rate is $5\%.$ There were no changes in actuarial estimates and assumptions regarding the PBO.

Required:

$1.$ Determine the actual return on plan assets of $2021.$

$2.$ Determine the loss or gain on plan assets of $2021.$

$3.$ Determine the service cost of $2021.$

$4.$ Determine the pension expense of $2021.$

$5.$ Average remaining service life of active employees $($used to determine amortization of the net gain$).$

$($For all requirements, enter your answers in thousands $($i$.$e$.200,000$ should be entered as $200).)$ The funded status of Hilton Paneling Inc.$\text{'}$s defined benefit pension plan and the balances in prior service cost and the net gain$-$

pensions, are given below.

Retirees were paid $$254,000,$ and the employer contribution to the pension fund was $$261,000$ at the end of $2021.$ The expected rate

of return on plan assets was $10\%,$ and the actuary's discount rate is $5\%.$ There were no changes in actuarial estimates and assumptions

regarding the PBO.

Required:

Determine the actual return on plan assets of $2021.$

Determine the loss or gain on plan assets of $2021.$

Determine the service cost of $2021.$

Determine the pension expense of $2021.$

Average remaining service life of active employees $($used to determine amortization of the net gain$).$

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