(Answered) The following information relates to schmidt sausage cos

Accounting

The following information relates to Schmidt Sausage Co.'s defined benefit pension plan during the current reporting year:

Required: Determine the amount of pension plan assets at fair value on December 31.

	($ in millions)
Plan assets begiiming of the year	$400
Expected return on plan assets	40
Actual return on plan assets	32
Cash contributions	60
Amortization of net loss	8
Retiree benefits	9

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