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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

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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 $240,000. 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 PBO Assets Cost-AOCI - AOCI $(1.000.0) $ 740,0 $ 228.00 $ 100.0 Pension Expense Not Pension (Liability) I Asset $ (260,0) Cash 120.0 (50,0) (592) 24.0 (s in thousands) Balance, Jan 1, 2021 Service cost Interest cost, 5% Expected return on assets Adjust for: Loss on assets Amortization: Prior service cost Amortization: Not loss Gain on PBO Prior service cost Cash funding Retiree benefits Balance, Dec 31, 2021 24.0 (104.0) $(1,096.0) $ 740.00 $ 216.0 $ 124.01 $ 60.8 $ (236.0)

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