Discount rate, $10\%$

Expected return on plan assets, $11\%$

Actual return on plan assets, $12\%$

Service cost, $2024$

Loss due to change in actuarial assumptions

Average remaining service life is $15$ years

January $1,2024$:

Accumulated benefit obligation

project benefit obligation

Plan assets $($fair value$)$

Prior service cost$-$AOCI due to the $2024$ amendment

Net gain$-$AOCI from previous years

December $31,2024$:

Cash contributions to pension fund

Benefit payments to retirees

$($ $ in thousands$)$

$ $450$

$110$

$3,000$

$3,200$

$3,250$

$240$

$400$

$500$

Required:

Please compute the ending balance of pension liability $(2\mathrm{.}5$ Points$).$