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: $4 million per year)	$	32	million
Net losspensions at Jan.1, 2018 (previous losses exceeded previous gains)	$	40	million
Average remaining service life of the active employee group		10	year
Actuarys discount rate		8	%

($ in millions)

	PBO				Plan Assets
Beginning of 2018	$	300		Beginning of 2018		$	200
Service cost		48
Interest cost, 8%		24		Return on plan assets, 7.5% (10% expected)			15
Loss (gain) on PBO		(2	)	Cash contributions			45
Less: Retiree benefits		(20	)	Less: Retiree benefits			(20	)
End of 2018	$	350		End of 2018		$	240

Assume the following actuary and trustee reports indicating changes in the PBO and plan assets of Lakeside Cable during 2019:

($ in millions)

	PBO				Plan Assets
Beginning of 2019	$	350		Beginning of 2019		$	240
Service cost		38
Interest cost at 8%		28		Return on plan assets, 15% (10% expected)			36
Loss (gain) on PBO		5		Cash contributions			30
Less: Retiree benefits		(16	)	Less: Retiree benefits			(16	)
End of 2019	$	405		End of 2019		$	290
4-a. Determine Lakesides pension expense for 2019. (Enter your answers in millions rounded to 1 decimal place (i.e., 5,500,000 should be entered as 5.5).) 4-b. Prepare the appropriate journal entries to record the expense, the cash funding of 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 rounded to 1 decimal place (i.e., 5,500,000 should be entered as 5.5).)

4 Required Informatlon IThe following Information appliles to the questions displayed below. Actuary and trustee reports Indicate the following changes In the PBO and plan assets of Lakeside Cable during 2018: Part 4 of7 10 points Prior service cost at Jan. 1, 2018, from plan amendment at the $32 million $40 million beginning of 2016 (amortization: $4 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 1e year 8% S In milllons) Plan Assets $28e PBO Beginning of 2018 Service cost $3ee Beginning of 2018 48 Return on plan assets, 7.5% (10% expected) Interest cost, 8% Loss (gain) on PBO Less: Retiree benefits End of 2018 (2) Cash contributions (2) Less: Retiree benefits 350 End of 2018 15 45 (2e) $240 Assume the following actuary and trustee reports Indicating changes In the PBO and plan assets of Lakeside Cable during 2019 $ In millions) Plan Assets $240 PBO Beginning of 2019 Service cost $35 Beginning of 2019 38 Return on plan assets, 15% (18% expected) Interest cost at 8% Loss (gain) on PBO Less: Retiree benefits End of 2019 36 30 (16) $290 28 5 Cash contribution:s (16) Less: Retiree benefits $405 End of 2019 4.a. Determine Lakeside's pension expense for 2019. (Enter your answers in millions rounded to 1 decimal place (l.?., 5,500,000 should be entered as 5.5).) Answer is complete but not entirely correct. expense 51.0million 4 Required Informatlon IThe following Information appliles to the questions displayed below. Actuary and trustee reports Indicate the following changes In the PBO and plan assets of Lakeside Cable during 2018: Part 4 of7 10 points Prior service cost at Jan. 1, 2018, from plan amendment at the $32 million $40 million beginning of 2016 (amortization: $4 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 1e year 8% S In milllons) Plan Assets $28e PBO Beginning of 2018 Service cost $3ee Beginning of 2018 48 Return on plan assets, 7.5% (10% expected) Interest cost, 8% Loss (gain) on PBO Less: Retiree benefits End of 2018 (2) Cash contributions (2) Less: Retiree benefits 350 End of 2018 15 45 (2e) $240 Assume the following actuary and trustee reports Indicating changes In the PBO and plan assets of Lakeside Cable during 2019 $ In millions) Plan Assets $240 PBO Beginning of 2019 Service cost $35 Beginning of 2019 38 Return on plan assets, 15% (18% expected) Interest cost at 8% Loss (gain) on PBO Less: Retiree benefits End of 2019 36 30 (16) $290 28 5 Cash contribution:s (16) Less: Retiree benefits $405 End of 2019 4.a. Determine Lakeside's pension expense for 2019. (Enter your answers in millions rounded to 1 decimal place (l.?., 5,500,000 should be entered as 5.5).) Answer is complete but not entirely correct. expense 51.0million