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 5% Projected benefit obligation at the beginning of 2017 Service cost, 2017 Interest Cost Loss (gain) on PBO for assumption changes Less: Benefits paid to retirees during the year S367,500 S 35,500 $ 3,500 S (45,000 Projected benefit obligation at the end of 2017 Plan assets at the beginning of the year Actual return on plan assets Cash contributions to the pension plan in 2017 Less: Benefits paid to retirees during the year S 295,000 $ 44,000 Plan assets at the end of 2017 Additional information reported from the actuary and plan trustee 32,500 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 Amortization of PSC Amortization of net loss Expected return on plan assets years decrease on the cover sheet amount of the increase or decrease in the net i pension lability for 20177 Write the amount and whether ik is an increase or a 20.) What is the net pension asset or liability at the end of the year? Wirite the answer on the cover shoet. Indicate amount and whethera pension asset or liability