M10-21. Analyzing and Interpreting Pension Plan Benefit Footnotes Lockheed Martin Corporation discloses the following funded status for its defined benefit pension plans in its 10-K report, LO2 Lockheed Martin Corporation (LMT) Defined Benefit Pension Plans ($ millions) 2015 Unfunded status of the plans...... .......... $(11,606) Lockheed contributed $5 million to its pension plan assets in 2015, down drastically from $2,000 mil- lion in the prior year. The company also reports that it is obligated for the following expected payments to retirees in the next five years. $ millions Qualified Pension Benefits 2016. 2017.. 2018 2019 2020. Years 2021-2025 ... $ 2160 2.240 2320 2410 2.500 13.670 a.How is this funded status reported in Lockheed's balance sheet under current GAAP? 5. How should we interpret this funded status in our analysis of the company? c. What likely effect did the 2015-2016 upturn in the financial markets have on Lockheed's contribu tion to its pension plans? Explain