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Actuary and trustee reports indicate the following changes in the PBO and plan assets of Douglas-Roberts Industries during 2021 Prior service cost at Jan. 1,

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Actuary and trustee reports indicate the following changes in the PBO and plan assets of Douglas-Roberts Industries during 2021 Prior service cost at Jan. 1, 2021, from plan amendment at the beginning of 2018 (amortization: $4 million per year) Net 1055-AOCI at Jan 1, 2021 (previous losses exceeded previous soins) Average remaining service life of the active employee group Actuary's discount rate $ 28 million $149 million 10 years 7% (s in millions Beginning of 2821 Service cost $ 800 50 Plan Assets Beginning of 2021 Return on plan assets BX (10% expected) $ 600 48 Interest cost, 7% Loss (gain) on PSO Less Retiree benefits End of 2021 56 (9) (30) 3882 Cash contributions Less Retiree benefits End of 2021 96 (33 $ 714 Required: 1-o. Determine Douglas Roberts' pension expense for 2021 1.b, 2. to 4. Prepare the appropriate journal entes to record the pension expense to record any 2021 gains and losses, to record the cash contribution to plan assets and to record retire benefits Complete this question by entering your answers in the tabs below. Dand Req 1A Req 1B and 2 to 4 Determine Douglas-Roberts's pension expense for 2021. (Amounts to be Enter your answers in millions (i.e., 10,000,000 should be entered as 10) Pension Expense Service cost $ 50 $ 56 (60) Interest cost Expected return on the plan assets Amortization of prior service cost Amortization of net loss $ 4 Pension expense SA 50 Req 1B 1 2. 4. 5 Record annual pension expense. Note: Enter debits before credits. Event General Journal Debit Credit 1 Record entry Clear entry View general joumal Journal entry worksheet Record the change in the PBO. Note: Enter debits before credits. General Journal Debit Credit Event 3 Record entry Clear entry View general journal 2. 3 5 Record the cash contribution to plan assets. Note: Enter debits before credits, Event General Journal Debit Credit 4 Record entry Clear entry View general journal 3 N 4. Record the retiree benefits paid. Note: Enter debits before credits Event General Journal Debit Credit 5 Record entry Clear entry View general journal

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