Brlef Exerclse $17-5($Algo$)$ Changes In penslon plan assets $[$LO$17-4]$

Pension plan assets were $$360$ 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 $$16$ million and cash invested in the pension fund was $$20$ million.

What was the amount of the pension plan assets at year$-$end?

Note: Enter your answer In milllons $($l$.$e$.,10,000,000$ should be entered as $10).$

Answer is complete but not entirely correct.