1. On January 1, 2021, Ravetch Corporations projected benefit obligation was $41 million. During 2021, pension benefits paid by the trustee were $6 million. Service cost for 2021 is $15 million. Pension plan assets (at fair value) increased during 2021 by $8 million as expected. At the end of 2021, there were no pension-related other comprehensive income (OCI) accounts. The actuarys discount rate was 10%. Required: Determine the amount of the projected benefit obligation at December 31, 2021. (Enter your answers in millions rounded to 2 decimal places (i.e., 5,500,000 should be entered as 5.50). Amounts to be deducted should be indicated with a minus sign.)

Project benefit obligation

Beg of 2021

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End of 2021----------------------$ 0.00

2.

The following data relate to Ramesh Companys defined benefit pension plan:

	($ in millions)
Plan assets at fair value, January 1	$	800
Expected return on plan assets		80
Actual return on plan assets		64
Contributions to the pension fund (end of year)		140
Amortization of net loss		16
Pension benefits paid (end of year)		25
Pension expense		112

Required: Determine the amount of pension plan assets at fair value on December 31. (Enter your answers in millions. Amounts to be deducted should be indicated with a minus sign.)

Pension Plan Assets

Beg of the year ---------

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End of the year-------------------$ 0.