USE THE FOLLOWING INFORMATION FOR # 11 - 20: Interest (Cost) Rate Expected rate of return on plan assets Actual rate of return on plan assets Beginning of year balance in CASH 3% 4% 5% 150,000 | $ Projected benefit obligation at the beginning of 2017 Service cost, 2017 $ 441,000 $ 42,600 Loss (gain) on PBO for assumption changes Less: Benefits paid to retirees during the year $ 4,200 $ (60,000) Plan assets at the beginning of the year Cash contributions to the pension plan in 2017 Less: Benefits paid to retirees during the year $ 354,000 $ 52,800 $ (60,000) Additional information reported from the actuary and plan trustee: $ $ 39,000 52,500 7 years Prior Service Costs incurred beginning of 2016 Beginning of year balance in AOCI for Net Loss Average remaining service years of employees Beginning of year balance in AOCI for PSC Prior cost $ 34,140 Service 20.) What is the net pension asset or liability at the end of the year? Write the answer on the cover sheet. Indicate amount and whether net pension asset or liability. USE THE FOLLOWING INFORMATION FOR # 11 - 20: Interest (Cost) Rate Expected rate of return on plan assets Actual rate of return on plan assets Beginning of year balance in CASH 3% 4% 5% 150,000 | $ Projected benefit obligation at the beginning of 2017 Service cost, 2017 $ 441,000 $ 42,600 Loss (gain) on PBO for assumption changes Less: Benefits paid to retirees during the year $ 4,200 $ (60,000) Plan assets at the beginning of the year Cash contributions to the pension plan in 2017 Less: Benefits paid to retirees during the year $ 354,000 $ 52,800 $ (60,000) Additional information reported from the actuary and plan trustee: $ $ 39,000 52,500 7 years Prior Service Costs incurred beginning of 2016 Beginning of year balance in AOCI for Net Loss Average remaining service years of employees Beginning of year balance in AOCI for PSC Prior cost $ 34,140 Service 20.) What is the net pension asset or liability at the end of the year? Write the answer on the cover sheet. Indicate amount and whether net pension asset or liability