Actuary and trustee reports indicate the following changes in the PBO and plan assets of Lakeside Cable during 2021: Prior service cost at Jan. 1, 2021, from plan amendment at the beginning of 2019 (amortization: $7 million per year) Net Loss-pensions at Jan.1, 2021 (previous losses exceeded previous gains) Average remaining service life of the active employee group Actuary's discount rate ($ in millions) Beginning of 2021 Service cost Interest cost, 8% Loss (gain) on PBO Less: Retiree benefits End of 2021 $550 Beginning of 2021 68 Return on plan assets, 44 7.5% (10% expected) (3) Cash contributions (59) Less: Retiree benefits $600 End of 2021 Plan Assets $400 30 79 (59) $450 $52 million $65 million 10 years 8% Assume the following actuary and trustee reports indicating changes in the PBO and plan assets of Lakeside Cable during 2022: ($ in millions) Complete Ch.17 Problems 6 Part 6 of 7 3.57 points eBook Print References Beginning of 2022 Service cost Interest cost, 8% Loss (gain) on PBO Less: Retiree benefits End of 2022 Problem 17-16 (Algo) Part 6 Bal. Jan. New loss Bal. Dec. 31 Bal. Jan. 1 Bal. Dec. 31 Net Loss-AOCI 5.0 6. Using T-accounts, determine the balances at December 31, 2022, in the net loss-AOCI and prior service cost-AOCI. (Enter your answers in millions rounded to 1 decimal place (i.e., 5,500,000 should be entered as 5.5).) PBO $600 58 48 5 (36) $675 32.1 36.0 New gain 1.1 Amortized in 2022 Prior Service Cost-AOCI Beginning of 2022 Return on plan assets, 18% (10% expected) Cash contributions Less: Retiree benefits End of 2022 Saved Amortized in 2022 Plan Assets $450 81 50 (36) $545 Help Save & Exit Submit Check my work Complete Ch. 17 Problems 7 Part 7 of 7 3.58 points eBook Print References Problem 17-16 (Algo) Part 7 ($ in millions) Bal., Jan. 1, 2022 Service cost Interest cost, 8% Expected return on assets Gain on assets Amortization of: Prior service cost-AOCI Net loss-AOCI Loss on PBO Cash contributions Retiree benefits Bal., Dec. 31, 2022 7. Prepare a pension spreadsheet to assist you in determining end of 2022 balances in the PBO, plan assets, prior service cost-AOCI, the net loss-AOCI, and the pension liability. (Enter your answers in millions rounded to 1 decimal place (i.e., 5,500,000 should be entered as 5.5). Enter credit amounts with a minus sign and debit amounts with a positive sign.) PBO (600.0) Saved (600.0) Plan Assets 450.0 450.0 Prior Service Net Loss Cost-AOCI -AOCI 0.0 0.0 Pension Expense Help 0.0 Save & Exit Cash Submit Check my work Net Pension (Liability) / Asset 0.0