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

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The funded status of Hilton Paneling lnc.'s dened benefit pension plan and the balances in prior service cost and the net gain pensions, are given below. ($ in 6665) 2821 2621 Beginning Ending Balances Balances Projected benefit obligation $ 3,768 $ 3,961 Plan assets 3,868 4,131 Funded status 188 238 Prior- ser'vice cost-AOCI 488 358 Net gain-AOCI 416 368 Retirees were paid $256,000, and the employer contribution to the pension fund was $259,000 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 P30. 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 (Le. 200,000 should be entered as 2001.} Actual return thousand Service cost thousand Pension expense thousand

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