A partially completed pension spreadsheet showing therelationships among the elements that constitute Carney, Inc.’sdefined benefit pension plan follows. At theend of 2018, Carney revised its pensionformula and incurred a prior service cost of $100 million. At theend of 2019, the pension formula wasamended again, creating an additional prior service cost of $200million. At the beginning of 2020, $400million prior service cost was incurred. At thebeginning of 2021, $300 million priorservice cost was incurred. In 2018 - 2021, the actuary’s discountrate remained 10%, and the average remaining service life of theactive employee group remained 10 years. The expected rate ofreturn on assets was 10% in 2019, and increased by 1% eachyear.

2019 spreadsheet

2019 Pension spreadsheet ($ in millions)	(PBO)	Plan Assets	Prior Service Cost–AOCI	Net Loss (Gain) –AOCI	Pension Expense	Cash	Net Pension (Liability) / Asset
Balance, Jan. 1, 2019	(25,000)	20,000	100	4,500			(5,000)
Service cost	(800)				800		(800)
Interest cost	(2,500)				2,500		(2,500)
Prior Service Cost	(200)		200				(200)
Expected return on assets		2,000			(2,000)		2,000
Adjust for: Gain (loss) on assets		400		(400)			400
Amortization of: "Prior service cost-AOCI"			(10)		10
Amortization of: "Net Loss (Gain)-AOCI"				(200)	200
Gain (Loss) on PBO	7000			(7,000)			7,000
Cash funding		1,000				(1,000)	1,000
Retiree benefits	950	(950)
Bal., Dec. 31, 2019	(20,550)	22,450	290	(3,100)	1,510		1,900

Fill in the blanks for the 2020 pension spreadsheet

2020 Pension spreadsheet ($ in millions)	(PBO)	Plan Assets	Prior Service Cost–AOCI	Net Loss (Gain) –AOCI	Pension Expense	Cash	Net Pension (Liability) / Asset
Balance, Jan. 1, 2020							1,900
Service cost							(900)
Interest cost
Prior Service Cost							(400)
Expected return on assets		2,470			(2,470)
Adjust for: Gain (loss) on assets		449
Amortization of: "Prior service cost-AOCI"
Amortization of: "Net Loss (Gain)-AOCI"
Gain (Loss) on PBO	(400)
Cash funding							1,200
Retiree benefits	1,100
Bal., Dec. 31, 2020							2,224