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The following refers to the pension spreadsheet (columns have missing amounts) for the current year for Pancho Villa Enterprises (PVE). Prior Service Plan Net Pension

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The following refers to the pension spreadsheet (columns have missing amounts) for the current year for Pancho Villa Enterprises (PVE). Prior Service Plan Net Pension (Liability)/ Asset PBO Assets Net Pension (Gain)/Loss Expense Cash 71 Cost 466 76 67 (101) (41) 71 6 ($ 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) (81) 56 (546) 68 138 What were the retiree benefits paid? What were the retiree benefits paid? Multiple Choice $81 million. O O $89 million $76 million O O O $85 million

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