Exercise $17-14($Static$)$ Effect of pension expense components on balance sheet accounts; financial statement effects $[$LO$17-7,17-8]$

Luciana Fashions calculated pension expense for its underfunded pension plan as follows:

$($$ in millions$)$

Service cost $ $224$

Interest cost $150$

Expected return on the plan assets $($$$100$ actual, less $$10$ gain$)(90)$

Amortization of prior service cost $8$

Amortization of net loss $2$

Pension expense $ $294$

Required:

Which elements of Luciana's balance sheet are affected by the components of pension expense? What are the specific changes in these accounts?