electronics distribution has a defined benefit pension plan. Characteristic of the plan during 2011 are as follows pbo balance january 1 480 plan assets balance january 1 300 service cost 75 interest cost 45 gain from change in actuarial assumption 22 benefits paid (36) actual return on plan assets 20 contributions 2011 60 the expected long term rate of return on plan assets was 8%. There were no aoci balances related to pensions on january 1, 2011, but at the end of 2011, the company amended the pension formula creating a prior service cost of 12million. Two-thirds of which is related to employees whose pension benefits have vested 1 calculated the pension expense for 2011 2 prepare the journal entry to record pension expense, gains or losses, prior service cost, funding, and payment of benefits for 2011 3 what amount will electronic distribution report in its 2011 balance sheet as a net pension asset or net pension liability