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A partially completed pensionspreadsheet showing the relationships among the elements that constitute Carney, Incs. ' s defined benefit pension plan follows. Six years earlier, Carney

A partially completed pensionspreadsheet showing the relationships among the elements that constitute Carney, Incs.'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 amortizaed at the rate of $5 million per year. At the end of 2024, the pension formula was amended again, creating an additional prior service cost of $40 million. The expected rate of return on asset and the actuary's discount rate were 10%, and the average remaining service life of the active employee group is 10 years.
Balance Jan 1
Fill in the missing amounts.
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 assers and (b) the oayment of retiree benefits.
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