value 10.00 points Beale Management has a noncontributory, defined benefit pension plan. On December 31, 2016 (the end of Beale's fiscal year), the following pension-related data were available (S in millions) Projected Benefit Obligation Balance, January 1, 2016 Service cost Interest cost discount rate. 5% Gain due to changes in actuarial assumptions in 2016 Pension benefits paid $ 480 82 24 (10) (40) Balance, December 31, 2016 $536 Plan Assets Balance, January 1, 2016 Actual return o (Expected return on plan assets, $45) Cash contributions Pension benefits paid (S in millions) $500 40 n plan assets 70 (40) Balance, December 31, 2016 $570 January 1, 2016, balances: Pension asset Prior service cost-AOCI (amortization $8 per year) Net gain-AOCI (any amortization over 15 years) (S in millions) $20 48 80 Required 1) Enter the amount of the pension expense 67 2) Is the ending net pension asset/liability an asset or liability? What is the amount? Pension asset or liability: (Click to select) Ending Balance