Mayer Corporation has a defined benefit pension plan. Mayer?s policy is to fund the plan annually, cash payments being made at the end of each year. Data relating to the pension plan for 2021 are as follows:

Required:Recreate the journal entries used to record Mayer?s 2021 pension expense, gain on plan assets, and funding of plan assets in order to determine the cash paid to the pension trustee as reported in the statement of cash flows.

December 31 ($ in millions) 2021 2020 $1,080 $900 Plan assets Net pension expense for 2021: $ 112 Service cost Interest cost (6% x $850) Actual return on the plan assets (11% $900 = $99) Adjusted for: $9 gain on the plan assets* 51 (90) Amortization of prior service cost Amortization of net loss 82 *(11% x $900) (10% $900) %24