7.

A partially completed pension spreadsheet showing the relationships among the elements that comprise the defined benefit pension plan of Universal Products is given below. The actuary's discount rate is 5%. At the end of 2019, the pension formula was amended, creating a prior service cost of $180,000. The expected rate of return on assets was 8%, and the average remaining service life of the active employee group is 20 years in the current year as well as the previous two years. Required: Fill in the missing amounts. (Enter your answers in thousands rounded to 1 decimal place.) Prior Plan Service Net Loss Pension Net Pension (Liability) I Asset $ (260.0) PBO Assets Cost - AOCI - AOCI Expense Cash $ (940.0) $ 680.0 $ 171.0 $ 94.0 114.0 ($ in thousands) Balance, Jan. 1, 2021 Service cost Interest cost, 5% Expected return on assets Adjust for: Loss on assets (47.0) (54.4) 21.0 Amortization: Prior service cost Amortization: Net loss Gain on PBO 18.0 Prior service cost Cash funding (98.0) Retiree benefits Balance, Dec. 31, 2021 $ (1,033.0) $ 162.0