Problem $17-14($Algo$)$ Relationship among pension elements $[$LO$17-3,17-4,17-5,17-6,17-7,17-8]$

The funded status of Hilton Paneling Incorporated's defined benefit pension plan and the balances in prior service cost and the net gain$-$pensions, are given below.

Retirees were paid $\backslash (\backslash$$ $269,000\backslash ),$ and the employer contribution to the pension fund was $\backslash (\backslash$$ $246,000\backslash )$ at the end of $2024.$ The expected rate of return on plan assets was $\backslash (10\backslash \%\backslash ),$ and the actuary's discount rate is $\backslash (8\backslash \%\backslash ).$ There were no changes in actuarial estimates and assumptions regarding the PBO.

Required:

$1.$ Determine the actual return on plan assets of $2024.$

$2.$ Determine the loss or gain on plan assets of $2024.$

$3.$ Determine 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 $200).$