Actuary and trustee reports indicate the following changes in the PBO and plan assets of Douglas-Roberts Industries during 2021: $ 42 million Prior service cost at Jan. 1, 2021, from plan amendment at the beginning of 2018 (amortization: $6 million per year) Net loss-AOCI at Jan 1, 2021 (previous losses exceeded previous gains) Average remaining service life of the active employee group Actuary's discount rate $130 million 10 years 7 % ($ in millions) PBO Beginning of 2021 Service cost $ 700 48 Plan Assets Beginning of 2021 Return on plan assets, 8% (10% expected) $ 500 40 49 Interest cost, 7% Loss (gain) on PBO Less: Retiree benefits End of 2021 (29) $ 760 Cash contributions Less: Retiree benefits End of 2021 95 (29) $ 606 Required: 1-a. Determine Douglas-Roberts's pension expense for 2021. 1-b, 2. to 4. Prepare the appropriate journal entries to record the pension expense, to record any 2021 gains and losses, to record the cash contribution to plan assets and to record retiree benefits. Reg 1A Reg 1B and 2 to 4 Determine Douglas-Roberts's pension expense for 2021. (Amounts to be deducted should be indicated with a minus sign. Enter your answers in millions (.e., 10,000,000 should be entered as 10).) Pension Expense Amortization of net loss Amortization of prior service cost Expected retum on the plan assets Service cost $ 48 Interest cost $ 49 Pension expense $ 97 Dan Journal entry worksheet Record the change in plan assets. t. Note: Enter debits before credits. Event General Journal Debit Credit 2 Record entry Clear entry View general journal Journal entry worksheet > 2 4 Do Record the change in the PBO. Note: Enter debits before credits. Event General Journal Debit Credit 3 Record entry Clear entry View general journal Journal entry worksheet