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The following incomplete (columns have missing amounts) pension spreadsheet is for Old Tucson Corporation (OTC). Plan Assets Prior Service Cost Net (Gain) loss 48 Pension

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The following incomplete (columns have missing amounts) pension spreadsheet is for Old Tucson Corporation (OTC). Plan Assets Prior Service Cost Net (Gain) loss 48 Pension Expense Net Pension (Liability)/Asset Cash PBO (450) 47 (18) (1.25) ($ in millions) debit (Credit) Beginning balance Service cost Interest cost Expected return on assets Gain/loss on assets Amortization of: Prior service cost Net gain/loss Loss on PBO Contributions to fund Retiree benefits paid Ending balance (2) (20) 20 (41) 33 (33) (518) 260 44 44 63 (258) What was the balance of the net pension asset/liability reported in the balance sheet at the end of the previous year? Multiple Choice Net pension liability of $217.25 million. Net pension asset of $402.00 million. Net pension liability of $402.00 million

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