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The following incomplete (columns have missing amounts) pension spreadsheet is for Old Tucson Corporation (OTC). ($ in millions) debit (credit) PBO Plan assets Prior service cost Net (Gain) loss Pension Expenses Cash Net Pension (Liability)/

Asset


Beginning Balance (490) 56
Service cost 59
Interest cost
Expected return on assets (22)
Gain/loss on assets (2.25)
Amortization of:
Prior service cost (6)
Net gain loss
Loss on PBO (24) (24)
Contribution to funds (53)
Retiree benefits paid 41 (41)

Ending balance (564) 283 52 75 (281)

 

What was the balance of the net pension asset/liability reported in the balance sheet at the end of the previous year?

Net pension asset of $433.00.
Net pension liability of $243.25.
Net pension asset of $243.25.
Net pension liability of $433.00.

 

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