Actuary and trustee reports indicate the following changes in the PBO and plan assets of Douglas-Roberts Industries during 2016:

Prior service cost at Jan. 1, 2016, from plan amendment at the

beginning of 2013 (amortization: $2 million per year) $10 million

Net lossAOCI at Jan.1, 2016 (previous losses exceeded previous gains) $106 million

Average remaining service life of the active employee group 10 years

Actuary's discount rate 4 %

($ in millions)

PBO Plan Assets

Beginning of 2016 $740 Beginning of 2016

Service Cost 64 Return on plan assets, $540

5% (7% expected) 27.0

Interest Cost, 4% 29.6 Cash contributions 103

Loss (gain) on PBO (16) Less: Retiree benefits (37)

Less: Retiree Benefits (37) End of 2016 $633.0

End of 2016 $780.6

(For all requirements, enter your answers in millions rounded to 1 decimal place (i.e., 5,500,000 should be entered as 5.5).)

Required:

1.1.	Determine Douglas-Roberts' pension expense for 2016. (Amounts to be deducted should be indicated with a minus sign.)

Pension Expense

Service Cost $64.0

Interest Cost 29.6

Expected return on Assets (37.8)

Amortization of prior service cost 2.0

Amortization of net loss ?

Pension Expense ?

1.2, 2. to 4.	Prepare the appropriate journal entries to record the pension expense, to record any 2016 gains and losses, to record the cash contribution to plan assets and to record retiree benefits. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

1.Record annual pension expense.

2.Record the change in plan assets.

3.Record the change in the PBO.

4.Record the cash contribution to plan assets.

5.Record the retiree benefits paid.