Question: Please help me solve the problem below Hicks Cable Company has a defined benefit pension plan. Three alternative possibilities for pension-related data at January 1,

Please help me solve the problem below

Please help me solve the problem below Hicks Cable Company has adefined benefit pension plan. Three alternative possibilities for pension-related data at January

Hicks Cable Company has a defined benefit pension plan. Three alternative possibilities for pension-related data at January 1, 2021, are shown below: ($ in thousands) Case 1 Case 2 Net loss (gain)-AOCI, Jan. 1 Case 3 $ 327 $ (357 ) $ 276 2021 loss (gain) on plan assets (18) 2021 loss (gain) on PBO (15) (30) 23 Accumulated benefit obligation, Jan. 1 (292) (3, 020 (2, 620) (1,520) Projected benefit obligation, Jan. 1 3, 380) (2, 740 Fair value of plan assets, Jan. 1 (1, 770) 2, 870 2, 770 1, 620 Average remaining service period of active employees (years) 13 16 11 Required: 1. For each independent case, calculate any amortization of the net loss or gain that should be included as a component of pension expense for 2021. 2. For each independent case, determine the net loss-AOCI or net gain-AOCI as of January 1, 2022. Complete this question by entering your answers in the tabs below. Required 1 Required 2 For each independent case, determine the net loss-AOCI or net gain-AOCI as of January 1, 2022. (Amounts to be deducted and loss amounts should be indicated by a minus sign.) ($ in thousands) Case 1 Case 2 Case 3 January 1, 2021 net loss (gain) $ 327 $ (357) $ 276 Loss (gain) on plan assets Amortization Loss (gain) on PBO January 1, 2022 net loss or (gain) - AOCI $ 327 $ 357) $ 276 Required 1 For each independent case, calculate any amortization of the net loss or gain that should be included as a component of pension expense for 2021. (Input all amounts as positive values.) Net gain or loss Less: Corridor amount Excess. if any Sewioe period (years) Amortization of gain or loss Required 2 &gt

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