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Pension Data for Sewell Corporation Include the Following for the Current

Question 194

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Pension data for Sewell Corporation include the following for the current calendar year:  Discount rate, 8% Expected return on plan assets, 10%  Actual return on plan assets, 12%  PBO, January 1 $620,000,000 Plan assets, January 1 630,000,000 Plan assets, December 31670,000,000 Benefit payments to retirees, December 3155,000,000\begin{array}{l}\begin{array} { | l | r | } \hline \text { Discount rate, } 8 \%\\\hline \text { Expected return on plan assets, 10\% } & \\\hline \text { Actual return on plan assets, 12\% } & \\\hline \text { PBO, January 1 } & \$ 620,000,000 \\\hline \text { Plan assets, January 1 } & 630,000,000 \\\hline \text { Plan assets, December } 31 & 670,000,000 \\\hline \text { Benefit payments to retirees, December } & \\31 & 55,000,000 \\\hline\end{array}\end{array} Required:
Assuming cash contributions were made at the end of the year, what was the amount of those contributions?

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