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4 [The following information applies to the questions displayed below.) Actuary and trustee reports indicate the following changes in the PBO and plan assets of

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4 [The following information applies to the questions displayed below.) Actuary and trustee reports indicate the following changes in the PBO and plan assets of Lakeside Cable during 2021: Part 3 of 7 Prior service cost at Jan. 1, 2021, from plan amendment at the beginning of 2019 (amortization: $6 million per year) Net Loss-pensions at Jan.1, 2021 (previous losses exceeded previous gains) Average remaining service life of the active employee group Actuary's discount rate $ $40 million $58 million 10 years 10% 1.87 points ($ in millions) eBook Plan Assets $200 C References Beginning of 2021 Service cost Interest cost, 18% Loss (gain) on PBO Less: Retiree benefits End of 2021 PBO $380 Beginning of 2021 56 Return on plan assets, 38 9.04 (10% expected) (2) Cash contributions (42) Less: Retiree benefits $430 End of 2021 18 64 (42) $240 Assume the following actuary and trustee reports indicating changes in the PBO and plan assets of Lakeside Cable during 2022 ($ in millions) Plan Assets $240 Beginning of 2022 Service cost Interest cost, 10% Loss (gain) on PBO Less: Retiree benefits End of 2022 PBO $430 Beginning of 2022 46 Return on plan assets, 43 15% (10% expected) 4 Cash contributions (24) Less: Retiree benefits $499 End of 2022 36 38 (24) $290 3. Prepare a pension spreadsheet to assist you in determining end of 2021 balances in the PBO, plan assets, prior service cost-AOCI, the net loss-AOCI, and the pension liability. (Enter your answers in millions (i.e., 10,000,000 should be entered as 10). Enter credit amounts with a minus sign and debit amounts with a positive sign.) ($ in millions) PBO Plan Assets Prior Service Cost-AOCI Net Loss -AOCI Pension Expense Cash Net Pension (Liability) Asset Bal., Jan. 1, 2021 Service cost Interest cost, 10% Expected return on assets Loss on assets Amortization of: : Prior service cost-AOCI Netloss-AOCI Gain on PBO Cash contributions Retiree benefits

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