Aegis Air Conditioning Company has three pension plans for three groups of employees: production, service, and administration. Information for the three plans is as follows:

Required:

Provide an excerpt of Aegis’s balance sheet showing the presentation of its pension plans.

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Pension assets Pension obligations Net pension surplus (deficit) Production $4,500,000 (5,000,000) $ (500,000) Service $ 3,000,000 (3,200,000) $ (200,000) Administration $ 2,000,000 (1,400,000) $ 600,000 Total $9,500,000 9,600,000 $ (100,000)