3:14 Actuary and trustee reports indicate the following changes in the PBO and plan assets of Dougla 2021: Prior service cost at Jan. 1, 2021, from plan amendment at the beginning of 2018 (amortization: $6 million per year) Net loss-AOCI at Jan. 1, 2021 (previous losses exceeded previous gains) Average remaining service life of the active employee group Actuary's discount rate ($ in millions) PBO Beginning of 2021 Plan Assets Beginning of 2021 $700 $500 Service cost 48 Return on plan assets, S 8% (10% expected) 40 Interest cost, 7% 49 Loss (gain) on PBO (8) Cash contributions 95 Less: Retiree benefits End of 2021 (29) Less: Retiree benefits (29) $760 End of 2021 $606 Required: 1-a. Determine Douglas-Roberts's pension expense for 2021. 1-b, 2. to 4. Prepare the appropriate journal entries to record the pension expense, to record any 20 record the cash contribution to plan assets and to record retiree benefits. Complete this question by entering your answers in the tabs below. Actuary and trustee reports indicate the following changes in the PBO and plan assets of Douglas-Roberts Indu 2021: Prior service cost at Jan. 1, 2021, from plan amendment at the beginning of 2018 (amortization: $6 million per year) Net Loss-AOCI at Jan. 1, 2021 (previous losses exceeded previous gains) Average remaining service life of the active employee group Actuary's discount rate (s in millions) PBO Beginning of 2021 Plan Assets $ 42 million $130 million 10 years 7% $700 Beginning of 2021 $500 Service cost 48 Return on plan assets, 8% (10% expected) 40 Interest cost, 7% 49 Loss (gain) on PBO (8) Cash contributions 95 Less: Retiree benefits (29) Less: Retiree benefits (29) End of 2021 $760 End of 2021 $606 Required: 1-a. Determine Douglas-Roberts's pension expense for 2021. 1-b, 2. to 4. Prepare the appropriate journal entries to record the pension expense, to record any 2021 gains an record the cash contribution to plan assets and to record retiree benefits