Chapter 17 Exercises Saved Help 4 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 $160,000. The expected rate of return on assets was 8%, and the average remaining service life of the active employee group is 20 years in the current year as well as the previous two years. Required: Fill in the missing amounts. (Enter your answers in thousands rounded to 1 decimal place.) Skipped Prior Net Pension eBook Plan Service Net Loss Pension Expense (Liability) I Asset Hint PBO Assets Cash ($ in thousands) Balance, Jan. 1, 2021 Service cost Cost - AOCI - AOCI $ 152.0 $ 92.0 $ (920.0) S 660.0 $ (260.0) Print 112.0 Interest cost, 5% (46.0) (52.8) Expected return on assets Adjust for: Loss on assets Amortization: 20.0 Prior service cost Amortization Net loss 16.0 Gain on PBO Prior service cost (96.0) Cash funding Retiree benefits Balance, Dec. 31, 2021 $(1,012.0) S 660.0 $ 144.0 $ 112.0 $ 59.2 S (244.0)