Reporting a Defined Benefit Pension Plan The following data relate to a pension plan for Vilas Inc. Account Balances, Year$-$EndProjected Benefit Obligation$$248,000$Cr$.$Plan Assets$280,000$Dr$.$Accumulated OCI$$Prior Service Cost$32,000$Dr$.$Accumulated OCI$$Pension Gain$/$Loss$9,600$Dr$.$ Activity for the YearPension expense, including service cost of $$40,000$$$60,000$Unexpected gain on plan assets$6,800$Amortization of prior service costs$2,000$ Use the information to present the effect on the following financial statements. a$.$ Income statement $$ Note: Do not use a negative sign with your answers in the income statement. Income StatementOperating expensesAnswer $1$Amortization of prior service costNet pension assetNet pension liabilityNet pension lossOther components of periodic pension cost, netPeriodic pension cost, netPrior service costUnexpected gain on plan assetsN$/$AAnswer $2$Nonoperating expensesAnswer $3$Amortization of prior service costNet pension assetNet pension liabilityNet pension lossOther components of periodic pension cost, netPeriodic pension cost, netPrior service costUnexpected gain on plan assetsN$/$AAnswer $4$ b$.$ Statement of comprehensive income $$ Note: Use a negative sign with any expenses$/$losses in the statement of comprehensive income. Statement of Comprehensive IncomeOther comprehensive income $($loss$)$Answer $5$Amortization of prior service costNet pension assetNet pension liabilityNet pension lossOther components of periodic pension cost, netPeriodic pension cost, netPrior service costUnexpected gain on plan assetsN$/$AAnswer $6$Answer $7$Amortization of prior service costNet pension assetNet pension liabilityNet pension lossOther components of periodic pension cost, netPeriodic pension cost, netPrior service costUnexpected gain on plan assetsN$/$AAnswer $8$ c$.$ Balance sheet at year$-$end $$ Note: Use a negative sign with answers for any contra accounts on the balance sheet. Balance Sheet at Year$-$EndNoncurrent assetsAnswer $9$Amortization of prior service costNet pension assetNet pension liabilityNet pension lossOther components of periodic pension cost, netPeriodic pension cost, netPrior service costUnexpected gain on plan assetsN$/$AAnswer $10$LiabilitiesAnswer $11$Amortization of prior service costNet pension assetNet pension liabilityNet pension lossOther components of periodic pension cost, netPeriodic pension cost, netPrior service costUnexpected gain on plan assetsN$/$AAnswer $12$Stockholders$$ equityAccumulated other comprehensive incomeAnswer $13$Amortization of prior service costNet pension assetNet pension liabilityNet pension lossOther components of periodic pension cost, netPeriodic pension cost, netPrior service costUnexpected gain on plan assetsN$/$AAnswer $14$Answer $15$Amortization of prior service costNet pension assetNet pension liabilityNet pension lossOther components of periodic pension cost, netPeriodic pension cost, netPrior service costUnexpected gain on plan assetsN$/$AAnswer $16$