Question: Exercise 17-7 (Algo) Changes in plan assets; determine cash contributions (LO17-4] Pension data for Fahy Transportation Inc. include the following: ($ in millions Discount rate,

Exercise 17-7 (Algo) Changes in plan assets; determine cash contributions (LO17-4]

Exercise 17-7 (Algo) Changes in plan assets; determine cash contributions (LO17-4] Pension data for Fahy Transportation Inc. include the following: ($ in millions Discount rate, 7% Expected return on plan assets, 10% Actual return on plan assets, 11% Projected benefit obligation, January 1 Plan assets (fair value), January 1 Plan assets (fair value), December 31 Benefit payments to retirees, December 31 $630 600 650 69 Required: Assuming cash contributions were made at the end of the year, what was the amount of those contributions? Cash contributions million

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