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 actuarys discount rate is 5%. At the end of 2011, the pension formula was amended, creating a prior service cost of $120,000. 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: Copy the incomplete spreadsheet and fill in the missing amounts. ()s indicate credits; debits otherwise ($ in 000s) (800) 600 114 80 (200) Service cost 84 Interest cost, 5% (40) Expected return on assets (48) Loss on assets 6 Prior service cost Net loss Gain on PBO 12 Prior service cost 0 Cash funding (68) Retiree benefits (862) 108