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

The funded status of Hilton Paneling Inc.'s defined benefit pension plan and the balances in prior service cost and the net gainpensions, are given below.image text in transcribed

Projected benefit obligation Plan assets Funded status Prior service cost-AOCI Net gain-AOCI ($ in 200s) 2018 2018 Beginning Ending Balances Balances $3,300 $3,501 3,400 3,691 100 190 370 333 382 335 Retirees were paid $260,000 and the employer contribution to the pension fund was $255,000 at the end of 2018. The expected rate of return on plan assets was 10%, and the actuary's discount rate is 6%. There were no changes in actuarial estimates and assumptions regarding the PBO. Required: 1. Determine the actual return on plan assets of 2018. 2. Determine the loss or gain on plan assets of 2018. 3. Determine the service cost of 2018. 4. Determine the pension expense of 2018. 5. Average remaining service life of active employees (used to determine amortization of the net gain) 1. Actual return thousand thousand thousand 3. Service cost 4. Pension expense 5. Average service period thousand years

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