$ 240 110 Discount rate, 10% Expected return on plan assets, 11% Actual return on plan assets, 12% Service cost, 2021 Gain due to change in actuarial assumptions Average remaining service life is 15 years January 1, 2021: Accumulated benefit obligation project benefit obligation Plan assets (fair value) Prior service cost-AOCI due to previous amendment Net lossAOCI from previous years 1,800 2,000 1,950 150 260 December 31, 2021: Cash contributions to pension fund, December 31, 2021 Benefit payments to retirees, December 31, 2021 300 240 Required: 1. Please compute the ending balance of pension liability (2.5 Points). 2. Please compute the ending balance of pension asset (2.5 Points). 3. Is the pension plan overfunded or underfunded? Why? (1 Point) 4. Please compute the pension expenses during 2021 (4 Points). 5. What's the ending balance of prior service cost-AOCI and net loss -AOCI? (2 Points) $ 240 110 Discount rate, 10% Expected return on plan assets, 11% Actual return on plan assets, 12% Service cost, 2021 Gain due to change in actuarial assumptions Average remaining service life is 15 years January 1, 2021: Accumulated benefit obligation project benefit obligation Plan assets (fair value) Prior service cost-AOCI due to previous amendment Net lossAOCI from previous years 1,800 2,000 1,950 150 260 December 31, 2021: Cash contributions to pension fund, December 31, 2021 Benefit payments to retirees, December 31, 2021 300 240 Required: 1. Please compute the ending balance of pension liability (2.5 Points). 2. Please compute the ending balance of pension asset (2.5 Points). 3. Is the pension plan overfunded or underfunded? Why? (1 Point) 4. Please compute the pension expenses during 2021 (4 Points). 5. What's the ending balance of prior service cost-AOCI and net loss -AOCI? (2 Points)