Exercise 17-15 Pension spreadsheet [LO17-8] 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 2016, 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 credit amounts with a minus sign and debit amounts with a positive sign.) Net Pension (Liability) / Asset $(20) Prior Service Net Loss Pension $ in 000s) PBO Assets Cost- AOCI-AOCIExpense Cash Balance, Jan. 1, 2018 Service cost Interest cost, 5% Expected return on assets Adjust for: S (560)S540228$ 56 100 (28) (36) Loss on assets Amortization: Prior service cost Amortization Net loss Gain on PBO Prior service cost Cash funding Retiree benefits Balance, Dec. 31,2018 24 (84) (614)S 540 S216S 70$ 64