3. A partially completed pension spreadsheet showing the relationships among the elements that constitute Carney, Inc.s defined benefit pension plan follows. At the end of 2018, Carney revised its pension formula and incurred a prior service cost of $100 million. At the end of 2019, the pension formula was amended again, creating an additional prior service cost of $200 million. At the beginning of 2020, $400 million prior service cost was incurred. At the beginning of 2021, $300 million prior service cost was incurred. In 2018 - 2021, the actuarys discount rate remained 10%, and the average remaining service life of the active employee group remained 10 years. The expected rate of return on assets was 10% in 2019, and increased by 1% each year.

1. Fill in blanks in the 2020 pension spreadsheet.

2020 Pension spreadsheet ($ in millions)	(PBO)	Plan Assets	Prior Service CostAOCI	Net Loss (Gain) AOCI	Pension Expense	Cash	Net Pension (Liability) / Asset
Balance, Jan. 1, 2020							1,900
Service cost							(900)
Interest cost
Prior Service Cost							(400)
Expected return on assets		2,470			(2,470)
Adjust for: Gain (loss) on assets		449
Amortization of: "Prior service cost-AOCI"
Amortization of: "Net Loss (Gain)-AOCI"
Gain (Loss) on PBO	(400)
Cash funding							1,200
Retiree benefits	1,100
Bal., Dec. 31, 2020							2,224