Actuary and trustee reports indicate the following changes in the PBO and plan assets of Lakeside Cable during 2018: Prior service cost at Jan. 1, 2018, from plan amendment at the beginning of 2016 (amortization: $5 million per year) Net loss-pensions at Jan.1, 2018 (previous losses exceeded previous gains) Average remaining service life of the active employee group Actuary's discount rate $41 million $50 million 10 years 9% ($ in millions) PBO Plan Assets $150 12 Beginning of 2018 Service cost Interest cost, 9% Loss (gain) on PBO Less: Retiree benefits End of 2018 $300 Beginning of 2018 99 Return on plan assets, 278.0% (10% expected) (4) Cash contributions (22) Less: Retiree benefits $400 End of 2018 60 (22) $200 Required: -a. Determine Lakeside's pension expense for 2018. (Enter your answers in millions (i.e., 10,000,000 should be entered as 10).) Pension expense 2018 1 million 1-b. Prepare the appropriate journal entries to record the expense as well as the cash contribution to plan assets and payment of benefits to retirees? (If no entry is required for a transaction/event, select "No journal entry required" in the first account field Enter your answers in millions (i.e., 10,000,000 should be entered as 10).) View transaction list Journal entry worksheet 2 3 Record the pension expense. Note: Enter debits before credits. Transaction General Journal Debit Credit - Journal entry worksheet