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)	$	34	million
Net losspensions at Jan.1, 2018 (previous losses exceeded previous gains)	$	55	million
Average remaining service life of the active employee group		10	years
Actuarys discount rate		8	%

($ in millions)

	PBO				Plan Assets
Beginning of 2018	$	350		Beginning of 2018		$	200
Service cost		47		Return on plan assets,
Interest cost, 8%		28		7.0% (10% expected)			14
Loss (gain) on PBO		(2	)	Cash contributions			59
Less: Retiree benefits		(23	)	Less: Retiree benefits			(23	)
End of 2018	$	400		End of 2018		$	250

Problem 17-16 Part 1

Required: 1-a. Determine Lakesides pension expense for 2018. (Enter your answers in millions (i.e., 10,000,000 should be entered as 10).)

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).)