16. The following information relates to Hatami Company's defined benefit pension plan during the current reporting year: Plan assets at fair value, January 1 Expected return on plan assets Actual return on plan assets Contributions to the pension fund (end of year) Amortization of net loss Pension benefits paid (end of year) Pension expense $660,000,000 56,000,000 46,000,000 96,000,000 0 38,000,000 66,000,000 Determine the balance of pension plan assets at fair value on December 31. a. 5774 millions b. $698 millions e 5764 millions d. $708 millions 17. An accounting change that is reported by the prospective approach is reflected in the financial statements of Prior years only b. Prior years plus the current year. c. The current year only. d. Current and future year