Exercise 17-15 Pension spreadsheet (LO17-8] A partially completed pension spreadsheet showing the relationships among the elements that comprise the defined benefit pension plan of Universal Products is given below. The actuary's discount rate is 5%. At the end of 2016, the pension formula was amended, creating a prior service cost of $200,000. The expected rate of return on assets was 8%, and the average remaining service life of the active employee group is 20 years in the current year as well as the previous two years. Required: Fill in the missing amounts. (Enter credit amounts with a minus sign and debit amounts with a positive sign.) Plan Assets $ 700 Prior Service Cost - AOCI $ 190 Net Loss - AOCI $ 96 Pension Expense PBO $ (960) Net Pension (Liability) Asset $ (260) Cash 116 (48) (56.00) ($ in 000s) Balance, Jan. 1, 2018 Service cost Interest cost, 5% Expected return on assets Adjust for: Loss on assets Amortization: Prior service cost Amortization: Net loss Gain on PBO Prior service cost Cash funding Retiree benefits Balance, Dec 31, 2018 (100) $ (1,054) $ 180 Exercise 17-15 Pension spreadsheet (LO17-8] A partially completed pension spreadsheet showing the relationships among the elements that comprise the defined benefit pension plan of Universal Products is given below. The actuary's discount rate is 5%. At the end of 2016, the pension formula was amended, creating a prior service cost of $200,000. The expected rate of return on assets was 8%, and the average remaining service life of the active employee group is 20 years in the current year as well as the previous two years. Required: Fill in the missing amounts. (Enter credit amounts with a minus sign and debit amounts with a positive sign.) Plan Assets $ 700 Prior Service Cost - AOCI $ 190 Net Loss - AOCI $ 96 Pension Expense PBO $ (960) Net Pension (Liability) Asset $ (260) Cash 116 (48) (56.00) ($ in 000s) Balance, Jan. 1, 2018 Service cost Interest cost, 5% Expected return on assets Adjust for: Loss on assets Amortization: Prior service cost Amortization: Net loss Gain on PBO Prior service cost Cash funding Retiree benefits Balance, Dec 31, 2018 (100) $ (1,054) $ 180