Actuary and trustee reports indicate the following changes in the PBO and plan assets of Sporting Industries during 2021: Prior service cost at Jan. 1, 2021, from plan amendment at the beginning of 2018 (amortization: $2 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 $14 million $ 40 million 10 years 78 Beginning of 2021 Return on plan assets, 8% (10% expected) PLAN ASSETS $200 16 ($ in millions) Beginning of 2021 Service cost Interest cost, 7% Loss (gain) on PBO Less: Retiree benefits End of 2021 PBO $300 40 21 (7) (19) $335 Cash contributions Less: Retiree benefits End of 2021 45 (19) $242 Required: 1. Determine Sporting's pension expense for 2021 and prepare the appropriate journal entries to record the expense as well as the cash contribution to plan assets. 2. Prepare the appropriate journal entries to record any 2021 gains and losses