2 12 points Skipped Beale Management has a noncontributory, defined benefit pension plan. On December 31, 2021 (the end of Beale's fiscal year, the following pension-related data were available Projected Benefit Obligation Balance, January 1, 2021 Service cost Interest cost, discount rate, 5% Gain due to changes in actuarial assumptions in 2021 Pension benefits paid 5520 54 26 (10) (26) $564 Balance, December 31, 2021 eBook Plan Assets Balance, January 1, 2021 Actual return on plan assets (Expected return on plan assets, $41) Ask Print Cash contributions References Pension benefits paid Balance, December 31, 2021 January 1, 2021, balances: Pension asset (5 In millions 5540 36 27 (26) $627 4 Prior service cost-40CI (amortization $4 per year) Net gain-AOCI (any amortization over 10 years) (5 in millions) $20 Check my work Help Save & Exit Submit Check my work 12 Do 2 Skipped eBook Her Ak Pension asset Prior service cost-ADCI (mortization $4 per year) Net gain-AOCI (any amortization over 10 years) Required: 5.20 20 94 1. to 3. Prepare the 2021 journal entries to record pension expense, to record any 2021 gains and losses and the contribution to plan assets and benefit payments to retirees 4. Determine the balances at December 31, 2021, in the PBO, plan assets, the net gain-AOCL, and prior service cost-AOCH You might find T-accounts useful.] 5. What amount will Beale report in its 2021 balance sheet as a net pension asset or net pension liability for the funded status of the plan? Complete this question by entering your answers in the tabs below. Mc Graw Print Req 1 to 3 Red 4 Red 5 Prepare the 2021 journal entries to record pension expense, to record any 2021 gains and losses and the contribution to plan assets and benefit payments to retirees. (If no entry is required for a transaction/event, select "No journal entry required in the first cunt fald Enter your answers in millions (... 10,000,000 should be entered as 103) View transaction list < Prev 2 of 4 Next > 8:33 PM 12 poin 2 1 to 3. Prepare the 2021 Skiped alto record pension expense, to record any 2025 gains and losses and the corbution to p res assets and benefit payments to 4. Determine the balances at December 31, 2021, in the PB0, plan assets, the net gan-AOCL, and prior service cost-400 might find T-accounts useful 5. What amount will Beale report in its 2021 balance sheet as a net pension asset or net pension lablity for the funded of the plan? Complete this question by entering your answers in the tabs below. Mc Graw Hill Reg 1 to 3 Req 4 H Ask Pr Rea5 Prepare the 2021 journal entries to record pension expense, to record any 2021 gains and losses and the contribution to plan asses and benefit payments to retirees. (If no entry is required for a transaction/event, select "No journal entry required" be the first auf Enter your answers in milions. (i.e. 10,000,000 should be entered as 103- View transaction list Journal entry worksheet < 1 2 3 4 5 Record the pension expense. < Prev OL 2 of 4 " C Next > 900 Check my work 12 points Skipped 1. to 3. Prepare the 2021 malenses to record pension expense, to record any 2021 gains and losses and the contribution to pe assets and benefit payments to retirees 4. Determine the balances at December 31, 2021, in the PBO, plan assets, the net gan-AOC, and prior service cost-400 might find Taccounts useful 5. What amount will Beale report in its 2021 balance sheet as a net pension asset or net pension labiity for the funded status of the plan? Complete this question by entering your answers in the tabs below. ebook 1to3 Reg 4 Req5 P He As References Determine the balances at December 31, 2021, in the PB0, plan assets, the net gain-ADCI, and prior service cost-o [Hint: You might find T-accounts useful.]. (Enter your answers in mitions: (n. 10,000,000 should be entered Balances on Dec. 31, 2021 PBO Plan assets Net gain-AOCI (5 in millions) Prior service cost-AOCI Mc Graw Hill > < Prev 24 a Next > " C D O 19 Check my work Check my work 2 1. to 3. Prepare the 2021 eues to record pension expense, to record any 2021 gains and losses and the contribution to plan assets and benefit payments to refres 12 points Sopped 4. Determine the balances at December 31, 2021, in the PBO, plan assets, the net gan-AOCL, and prior service cost-AOC You might find T-accounts useful 5. What amount will Beale report in its 2021 balance sheet as a net pension asset or net pension ability for the funded status of the plan? Complete this question by entering your answers in the tabs below. ebook Reg 1 to 3 Reg 4 Hint Ask P References MC Graw Ha Req 5 What amount will Beale report in its 2021 balance sheet as a net pension asset or net pension ability for the funded status of the plan? (Enter your answers in millions (ie, 10,000,000 should be entered as 103.3 Balance Sheet as of 2021