The following information relates to the Lincoln County Firefighters' Pension Plan (dollar amounts in millions):
Beginning-of-Year Balances
Cash and cash equivalents, January 1...............................................................$ 67
Marketable securities and other investments at fair value, January 1........................$3,180
Current liabilities to retirees, January 1..............................................................$ 4
Actuarial accrued liability, January 1............................................................$3,430
Transactions During the Year
Contributions received during the year from employers and employees.....................$ 138
Benefits to which retirees were entitled during the year.......................................$ 120
Benefits actually paid to retirees, including amounts owed from prior year.................$ 122
Interest and dividends earned during the year...................................................$ 145
Net appreciation in fair value of marketable securities and other investments (i.e., realized and unrealized gains) during the year..................................................................$ 36
Investment and administrative expenses.........................................................$ 45
End-of-Year Balances
Cash on hand, December 31.......................................................................$ 92
Marketable securities and other investments at fair value, December 31................$3,307
Current liabilities to retirees, December 31......................................................$ 2
Actuarial accrued liability, December 31....................................................$3,690
1. Prepare a statement of plan net assets available for benefits (balance sheet) as of January 1. You may not have to include all of the data provided.