1. The projected benefit obligation was $280 million at the beginning of the year and $300 million at the end of the year. At the end of the year, pension benefits paid by the trustee were $12 million and there were no pension-related other comprehensive income accounts requiring amortization. The actuarys discount rate was 5%. What was the amount of the service cost for the year?

2. Pension plan assets were $160 million at the beginning of the year. The return on plan assets was 5%. At the end of the year, retiree benefits paid by the trustee were $2 million and cash invested in the pension fund was $6 million. What was the amount of the pension plan assets at year-end?

3. JDS Foods projected benefit obligation, accumulated benefit obligation, and plan assets were $95 million, $85 million, and $75 million, respectively, at the end of the year. What, if any, pension liability must be reported in the balance sheet?

What would JDS report if the plan assets were $111 million instead?