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Beale Management has a noncontributory, defined benefit pension plan. On December 31,2024 (the end of Beale's fiscal year), the following pension-related data were available: Required:

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Beale Management has a noncontributory, defined benefit pension plan. On December 31,2024 (the end of Beale's fiscal year), the following pension-related data were available: Required: 1. to 3. Prepare the joumal entries required for the pension during 2024 . 4. Determine the balances at December 31, 2024, in the net gain-AOCl, and prior service cost-AOCI. [Hint You might find T-accounts useful.] 5. What amount will Beale report in its 2024 balance sheet as a net pension asset or net pension liability for the funded status of the plan? Prepare the journal entries required for the pension during 2024. Note: If no entry is required for a transaction/event, select "No journal millions. (i.e., 10,000,000 should be entered as 10). Journal entry worksheet 2 3 (4) 5 Record the pension expense. Nute: Enter dehits before credits. Journal entry worksheet 4 Record the gain on PBO. Note: Enter debits before credits. Journal entry worksheet

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