Data for Penne Inc.'s defined benefit plan for Year 5 follows:

At January 1:

• Projected benefit obligation (PBO), $120,000
• Plan assets at fair value (Assets), $90,000
• Prior service cost (PSC) balance in accumulated other comprehensive income (AOCI), $25,000

For Year 5:

• Service cost, $40,000
• Discount rate, 5%
• Expected rate of return on assets, 6%
• Amortization of PSC, $2,500
• Actual return on assets, $6,000
• PBO loss at year-end, $15,000
• Funding contribution at year-end, $40,000
• Benefits paid, $45,000

Complete the Year 5 pension spreadsheet below using the above information. Use parenthesis for negative amounts within categories, and for losses. Enter and extend your amounts to all appropriate cells. Enter 0 in any cell that does not require another entry.

	PBO	Assets	PSC in AOCI	Gain/loss in AOCI	Pension Expense	Pension Liability
January 1 amounts	123	123	123	123	123	123
Service cost	123	123	123	123	123	123
Interest cost	123	123	123	123	123	123
Expected return	123	123	123	123	123	123
Asset gain/loss	123	123	123	123	123	123
PSC amortization	123	123	123	123	123	123
PBO loss	123	123	123	123	123	123
Funding	123	123	123	123	123	123
Benefits paid	123	123	123	123	123	123