A partially completed pension spreadsheet showing the relationships among the elements that constitute Carney, Incorporated's defined benefit pension plan follows. Six years earlier, Carney 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 $7 million per year. At the end of 2024, the pension formula was amended again, creating an additional prior service cost of $45 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:

Prepare the 2024 journal entry to record pension expense.

Prepare the journal entry(s) to record any 2024 gains and losses and new prior service cost in 2024.

Prepare the 2024 journal entries to record (a) the cash contribution to plan assets and (b) the payment of retiree benefits.

Fill in the missing amounts. Note: 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 CostAOCI	Net Loss-AOCI	Pension Expense	Cash	Net Pension (Liability) or Asset
Balance, January 1, 2024	(980)	890	30	108			(90)
Service cost					100
Interest cost
Expected return on assets
Adjust for:
Loss on assets		(7)
Amortization of:
Prior service cost
Net loss
Loss on PBO							(28)
Prior service cost
Cash funding							93
Retiree benefits
Balance, December 31, 2024	(980)	810	30	108	100		(25)