Brief Exercise 17-1 (Algo) Changes in the projected benefit obligation [LO17-3] The projected benefit obligation was $220 million at the beginning of the year. Service cost for the year was $13 million. At the end of the year, pension benefits paid by the trustee were $9 million and there were no pension- related other comprehensive income accounts. The actuary's discount rate was 5%. What was the amount of the projected benefit obligation at year-end? End of the year PBO $ 235 million Brief Exercise 17-5 (Static) Changes in pension plan assets [LO17-4] Pension plan assets were $80 million at the beginning of the year. The return on plan assets was 5%. At the end of the year, retiree benefits paid by the trustee were $6 million and cash invested in the pension fund was $7 million. What was the amount of the pension plan assets at year-end? Pension plan assets $ 85 million Brief Exercise 17-3 (Static) Changes in the projected benefit obligation [LO17-3] The projected benefit obligation was $80 million at the beginning of the year and $85 million at the end of the year. Service cost for the year was $10 million. At the end of the year, there were no pension-related other comprehensive income accounts. The actuary's discount rate was 5%. What was the amount of the retiree benefits paid by the trustee? Retiree benefits $ 9 million