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The funded status of Hilton Paneling Incorporated's defined benefit pension plan and the balances in prior service cost and the net gain-pensions, are given below.

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The funded status of Hilton Paneling Incorporated's defined benefit pension plan and the balances in prior service cost and the net gain-pensions, are given below. Retirees were paid $250,000; and the employer contribution to the pension fund was $265.000 at the end of 2024 . 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. Required: 1. Determine the actual return on plan assets of 2024 2. Determine the loss or gain on plan assets of 2024 3. Determine the service cost of 2024 4. Determine the pension expense of 2024 5. Determine the average cemaining service ife of active employees (used to determine amortization of the net gain) for 2.024 Note: For all requirements, enter your answers in thousands (i.e. 200,000 should be entered as 200). The funded status of Hilton Paneling Incorporated's defined benefit pension plan and the balances in prior service cost and the net gain-pensions, are given below. Retirees were paid $250,000; and the employer contribution to the pension fund was $265.000 at the end of 2024 . 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. Required: 1. Determine the actual return on plan assets of 2024 2. Determine the loss or gain on plan assets of 2024 3. Determine the service cost of 2024 4. Determine the pension expense of 2024 5. Determine the average cemaining service ife of active employees (used to determine amortization of the net gain) for 2.024 Note: For all requirements, enter your answers in thousands (i.e. 200,000 should be entered as 200)

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