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: $5 million per year)	$	34	million
Net loss-pensions at Jan.1, 2021 (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 2021	$	350		Beginning of 2021		$	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 2021	$	400		End of 2021		$	250

Assume the following actuary and trustee reports indicating changes in the PBO and plan assets of Lakeside Cable during 2022: ($ in millions)

	PBO				Plan Assets
Beginning of 2022	$	400		Beginning of 2022		$	250
Service cost		40		Return on plan assets,
Interest cost, 8%		32		12% (10% expected)			30
Loss (gain) on PBO		5		Cash contributions			32
Less: Retiree benefits		(18	)	Less: Retiree benefits			(18	)
End of 2022	$	459		End of 2022		$	294

3. Prepare a pension spreadsheet to assist you in determining end of 2021 balances in the PBO, plan assets, prior service costAOCI, the net lossAOCI, and the pension liability. (Enter your answers in millions (i.e., 10,000,000 should be entered as 10). Enter credit amounts with a minus sign and debit amounts with a positive sign.)

4-a. Determine Lakesides pension expense for 2022. 4-b. Prepare the appropriate journal entries to record the expense, the cash funding of plan assets, and payment of benefits to retirees.

5. Determine the new gains and/or losses in 2022, and prepare the appropriate journal entry(s) to record them. (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).)