FT & AFTAP on Sch SB for EOY valuation

[flosfur]

DOV = 12/31/08. Carryover credit balance from 2007 Sch B = 45

2008 Sch SB lines

Line 2b: Value of assets @ DOV: 85

Line 3: Funding Target @ DOV: 100

BOY balances

Lines 9 & 13 = 45 (no reduction balances @ 01/01/08, i.e. line 12 = zero)

Following the Sch SB instructions,

Lines 14 & 15:

FTAP & AFTAP = (Assets minus Credit Balances)/Funding Target = (85-45)/100 = 40% @ val date!??

40% FTAP/AFTAP on Sch SB doesn't look good!

Also, the AFTAP of 40% is not correct because, per S436(f)(3) the credit balance is deemed to be reduced down to 5 so that AFTAP is 80%!

Do I show 40% on lines 14 & 15 or 80% but show reduction in balances of 40 on line 12 and balance of 5 on line 13?