Bazerman Inc The Rate of Return on Plan Assets During the Year

Bazerman Inc. has a postretirement health care benefit plan. On January 1 of the current calendar year, the following plan-related data were available. $$\begin{array} { | l | r | } \hline \text { Net loss-postretirement benefit plan } & \$ 244,000 \\\hline \text { Accumulated postretirement benefit obligation } & \$ 2,200,000 \\\hline \text { Fair value of plan assets } & \$ 450,000 \\\hline \text { Average remaining service period to retirement } & 12 \text { years } \\\hline \begin{array} { l } \text { Average remaining service period to full } \\\text { eligibility }\end{array} & 10 \text { years } \\\hline\end{array}$$ The rate of return on plan assets during the year was 12%. The expected return was 10%. The actuary revised assumptions regarding the APBO at the end of the year, resulting in a $42,000 increase in the estimate of the obligation.
Required:
1) Calculate any amortization of net loss that should be included as a component of postretirement benefit expense for the current year.
2) Determine the net loss or gain as of December 31 of the current year.