The following refers to the pension spreadsheet (columns have missing amounts) for the current year for Pancho Villa Enterprises (PVE). ($ in millions) Debit(Credit) PBO Plan Assets Prior Service Cost Net (Gain)/Loss Pension Expense Cash Net Pension (Liability)/ Asset Beginning balance 459 69 64 60 Service cost (94 ) Interest cost (34 ) Expected return on assets 64 Gain/loss on assets 6 Amortization of: Prior service cost Net gain/loss (2 ) Loss on PBO (74 ) Contributions to fund 49 Retiree benefits paid Ending balance (539 ) 62 131 What were the retiree benefits paid

David paid $975,000 for two beachfront lots in coastal south carolina, with the intention of building residential homes on each. two years later, the south carolina legislature passed the beachfront management act, barring any further development of the coast, including david's lots. when david files a complaint to seek compensation for his property, south carolina refuses, pointing to a passage in david's own complaint that states "the beachfront management act [was] properly and validly designed to south carolina's " is south carolina required to compensate david under the takings clause?