USE THE FOLLOWING INFORMATION FOR # 11-20: Interest (Cost) Rate 2% Expected rate of return on plan assets Actual rate of return on plan assets Beginning of year balance in CASH S 125,000 Projected benefit obligation at the beginning of 2017 S 367,500 Service cost, 2017 Interest Cost S 35,500 Loss (gain) on PBO for assumption changes Less: Benefits paid to retirees during the year S 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 $ 295,000 Cash contributions to the pension plan in 2017 Less: Benefits paid to retirees during the year S 44,000 Plan assets at the end of 2017 Additional information reported from the actuary and plan trustee: Prior Service Costs incurred beginning of 2016 Beginning of year balance in AOCI for Net Loss Average remaining service years of employees S 32,500 $ 43,750 7lyears Beginning of year balance in AOCI for PSC Amortization of PSC Amortization of net loss Expected return on plan assets S 28,450 14.) Calculate the 2017 adjustment for gain or loss and write the answer on the cover sheet 16.) Calculate the 2017 amortization of the net loss and write the answer on the cover sheet