Hall of Fame Co

Hall of Fame Co. has a defined benefit pension plan. Two alternative possibilities for pension-related data for the current calendar year are shown below:
Required:
1) For each independent case, calculate amortization of the net loss or gain that should be included as a component of pension expense for the current year.
2) Determine the net loss or gain as of December 31 of the current year.
$\begin{array}{lcc} & \text { Case 1 } & \text { Case 2 } \\\text { Net loss (gain), Jan. 1 } & \$(230,000) & \$ 210,000 \\\text { Loss (gain) on plan assets } & (6,000) & 2,000 \\\text { Loss (gain) on PBO } & 12,000 & (220,000) \\\text { ABO, Jan. 1 } & (1,500,000) & (1,350,000) \\\text { PBO, Jan. 1 } & (1,700,000) & (1,600,000) \\\text { Plan assets, Jan. 1 } & 2,000,000 & 1,450,000 \\\text { Average remaining service period } & & \\\quad \text { of active employees (years) } & 12 & 10\end{array}$