Exercise 17-5 (Algo) Determine pension plan assets [LO17-4] The following data relate to Ramesh Company's defined benefit pension plan: Plan assets at fair value, January 1 Expected return on plan assets Actual return on plan assets Contributions to the pension fund (end of year) Amortization of net loss Pension benefits paid (end of year) Pension expense (s in millions $640 64 51 108 11 15 80 Required: Determine the amount of pension plan assets at fair value on December 31. (Enter your answers in should be indicated with a minus sign.) Pension Plan Assets Beginning of the year End of the year Exercise 17-2 (Algo) Determine the projected benefit obligation (LO17-3) On January 1, 2021, Ravetch Corporation's projected benefit obligation was $45 million. During 2021, pension benefits paid by the trustee were $5 million Service cost for 2021 is $13 million. Pension plan assets (at fair value) increased during 2021 by $7 millon as expected. At the end of 2021, there were no pension-related other comprehensive Income (OC) accounts. The actuary's discount rate was 12% Required: Determine the amount of the projected benefit obligation at December 31, 2021. (Enter your answers in millions rounded to 2 decimal places (l.e., 5,500,000 should be entered as 5.50). Amounts to be deducted should be indicated with a minus sign.) Projected Benefit Obligation Beginning of 2021 End of 2021 $ 0.00