Question: Lost on 3, 4 , and 5 pls help The funded status of Patel Parieling Incorporateds defined benofit pension plan and the balances in prior

Lost on 3, 4 , and 5 pls help

The funded status of Patel Parieling Incorporateds defined benofit pension plan and the balances in prior service cost and the net gaih-persionk are gien below. Retirees wore poid $270.000, and the employer contribution to the pension fund was $245,000 at the end of 2024 . The expected rate of retum on plan assets was 10\%, and the octuary's discount rate is 7%. There were no changes in actuarial estimates and assumptions regarding the PBO. Reculred: 1. Determine the actual return on plon assets of 2024 . 2. Determine the loss or gain on plan assets of 2024. 3. Betermine the service cost of 2024 . 4. Determine the pension expense of 2024 . 5. Determine the average remaining service life of active employees (used to determine amortization of the net gain) for 2024 . Note: For all requirements, enter your answers in thousands (i.e. 200,000 should be entered as 200)

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