Actuary and trustee reports indicate the following changes in the PBO and plan assets of Mahomes Industries during $2024$ :

Prior service cost at January $1,2024,$ from plan amendment at the beginning of $2021$

$($amortization: $$5$ million per year$)$

Net loss$-$AOCI at January $1,2024($previous losses exceeded previous gains$)$

Average remaining service life of the active employee group

Actuary's discount rate

$($$ in millions$)$

Required:

$1-$a$.$ Determine Mahomes's pension expense for $2024.$

$1-$b$,2.$ to $4.$ Prepare the appropriate journal entries to record the pension expense, to record any $2024$ gains and losses, to record the

cash contribution to plan assets and to record retiree benefits.

Complete this question by entering your answers in the tabs below.

Req $1B$ and $2$

to $4$

Determine Mahomes's pension expense for $2024.$

Note: Amounts to be deducted should be indicated with a minus sign. Enter your answers in millions $($i$.$e$.,10,000,000$ should

be entered as $10).$