JDS Shipyard's projected benefit obligation, accumulated benefit obligation, and plan assets were $55 million, $45 million, and $28 million, respectively, at the end of the year. a. What, if any, pension liability or pension asset must be reported in the balance sheet? b. What, if any, pension liability or pension asset must be reported in the balance sheet if the plan assets were $78 million instead? Net pension asset million a. b. Net pension liability million The projected benefit obligation was $420 million at the beginning of the year. Service cost for the year was $46 million. At the end of the year, pension benefits paid by the trustee were $24 million and there were no pension-related other comprehensive income (OCI) accounts requiring amortization. The actuary's discount rate was 5%. The actual return on plan assets was $23 million although it was expected to be only $22 million. What was the total pension expense for the year? Pension expense million