A partially completed pension spreadsheet showing the relationships among the elements that constitute Carney, Inc.'s defined benefit pension plan follows. Six years earlier. Corney revised its pension formula and recalculated benefits earned by employees in prior years using the more generous formula. The prior service cost created by the recalculation is being amortized at the rate of $5 million per year. At the end of 2021, the pension formula was amended again, creating an additional prior service cost of $50 million. The expected rate of return on ossets ond the actusry's discount rate were 10%, and the average remaining service life of the active employee group is 10 years. Required: 1. Fill in the missing amounts 2 Prepare the 2021 journal entry to record pension expense 3. Prepare the journal entry(s) to record any 2021 gains and losses and new prior service cost in 2021. 4. Prepare the 2021 journal entries to record (a) the cash contribution to plan ossets and (b) the payment of retiree benefits. Complete this question by entering your answers in the tabs below. Rey 1 Reg 2 to 4 Fill in the missing amounts. Enter your answers in millions i.e., 10,000,000 should be entered 35 10). Enter credit amounts with a minus sign and debit amounts with a positive sign.) [ Ja Indicate credits: debite otherwise (s in millions) PBO Plan Assets Prior Service Cost-AOCI Net L088- AOCI Pension Expense Cash Net Pansion (Liability et (90) 1910) 020 101 38 Bulance, Jan 1, 2021 Service cost Interest post Expeded return on ussels Atsjust for Lass an assets Amiotlization of Prior service cost Netlog Loss on PRO Prior service cost Cash fundang Retiree berefits Bal. Dec. 31, 2021 (21) 86 1910 775 30 38 (25) Reg 2 to 4 > A partially completed pension spreadsheet showing the relationships among the elements that constitute Carney, Ino's defined benefit pension plan follows. Six years earlier. Carey revised its pension formula and recalculated benefits earned by employees in prior years using the more generous formula. The prior service cost created by the recalculation is being amortized at the rate of $5 million per year. At the end of 2021, the pension formula was amended again, creating an additional prior service cost of $50 million. The expected rate of return on assets and the actuary's discount rate were 10%, and the average remaining service life of the active employee group is 10 years. Required: 1. Fill in the missing amounts 2 Prepare the 2021 journal entry to record pension expense 3. Prepare the journal entry(s) to record any 2021 gains and losses and new prior service cost in 2021. 4. Prepare the 2021 journal entries to record (a) the cash contribution to plan assets and (b) the payment of retiree benefits. Complete this question by entering your answers in the tabs below. Req 1 Reg 2 to 4 2. Prepare the 2021 journal entry to record pension expense. 3. Prepare the joumal entry(s) lo record any 2021 gains and losses and new prior service cost in 2021. 4. Prepare the 2021 journal entries to record (a) the cash contribution to plan assets and (b) the payment of retiree bener (If no entry is required for a transaction/event select "No foumal entry required in the first account field. Enter your answas in ons (1.0, 0.000.000 should be entered as 10).) Show less Mewtranaestion llat Journal entry worksheet 1 2 3 4 5 6 > Record pension expense. vete: Enter debits betare credits Event General Joumal Debit Credit 02 Record entry Clear entry View general Journal 2 Record any 2021 gain or loss for the difference in the actual return versus the expected return. 3 Record any 2021 gain or loss for the change in the assumption regarding the PBO. Record new prior service cost in 2021 Credit $ Record the cash contribution to plan assets Record payment of retiree benefits Note journal entry has been entered Record entry Clear entry View general journal A partially completed pension spreadsheet showing the relationships among the elements that constitute Carney, Ino's defined benefit pension plan follows. Six years earlier. Carey revised its pension formula and recalculated benefits earned by employees in prior years using the more generous formula. The prior service cost created by the recalculation is being amortized at the rate of $5 million per year. At the end of 2021, the pension formula was amended again, creating an additional prior service cost of $50 million. The expected rate of return on assets and the actuary's discount rate were 10%, and the average remaining service life of the active employee group is 10 years. Required: 1. Fill in the missing amounts 2 Prepare the 2021 journal entry to record pension expense 3. Prepare the journal entry(s) to record any 2021 gains and losses and new prior service cost in 2021. 4. Prepare the 2021 journal entries to record (a) the cash contribution to plan assets and (b) the payment of retiree benefits. Complete this question by entering your answers in the tabs below. Req 1 Reg 2 to 4 2. Prepare the 2021 journal entry to record pension expense. 3. Prepare the joumal entry(s) lo record any 2021 gains and losses and new prior service cost in 2021. 4. Prepare the 2021 journal entries to record (a) the cash contribution to plan assets and (b) the payment of retiree bener (If no entry is required for a transaction/event select "No foumal entry required in the first account field. Enter your answas in ons (1.0, 0.000.000 should be entered as 10).) Show less Mewtranaestion llat Journal entry worksheet 1 2 3 4 5 6 > Record pension expense. vete: Enter debits betare credits Event General Joumal Debit Credit 02 Record entry Clear entry View general Journal 2 Record any 2021 gain or loss for the difference in the actual return versus the expected return. 3 Record any 2021 gain or loss for the change in the assumption regarding the PBO. Record new prior service cost in 2021 Credit $ Record the cash contribution to plan assets Record payment of retiree benefits Note journal entry has been entered Record entry Clear entry View general journal