1. Beale Management has a noncontributory, defined benefit pension plan. On December 31, 2018 (the end of Beale's fiscal year), the following pension-related data were available: ($ in millions) $480 50 Projected Benefit Obligation Balance, January 1, 2018 Service cost Interest cost, discount rate, 5% Gain due to changes in actuarial assumptions in 2018 Pension benefits paid Balance, December 31, 2018 (8) (24) $522 ($ in millions) $500 34 Plan Assets Balance, January 1, 2018 Actual return on plan assets (Expected return on plan assets, $39) Cash contributions Pension benefits paid Balance, December 31, 2018 75 (24) $585 January 1, 2018, balances: Pension asset Prior service cost-AOCI (amortization $6 per year) Net gain-AOCI (any amortization over 10 years) ($ in millions) $20 42 Required (10 points): 1-1 to 3. Prepare the 2018 journal entry to record pension expense, to record any 2018 gains and losses and the contribution to plan assets and benefit payments to retirees. (3 points)