Beale Management has a noncontributory, defined benefit pension plan. On December 31, 2021 (the end of Beale's fiscal year), the following pension-related data were available: Projected Benefit Obligation Balance, January 1, 2021 Service cost Interest cost, discount rate, 5% Gain due to changes in actuarial assumptions in 2021 Pension benefits paid Balance, December 31, 2021 ($ in millions) $660 68 33 (17) (33) $ 711 Plan Assets Balance, January 1, 2021 Actual return on plan assets (Expected return on plan assets, $48) Cash contributions Pension benefits paid Balance, December 31, 2021 ($ in millions) $680 43 84 (33) $774 January 1, 2021, balances: Pension asset Prior service cost-AOCI (amortization $5 per year) Net gain-AOCI (any amortization over 10 years) ($ in millions) $ 20 25 108 Required: 1. to 3. Prepare the 2021 journal entries to record pension expense, to record any 2021 gains and losses and the contribution to plan assets and benefit payments to retirees. 4. Determine the balances at December 31, 2021, in the PBO, plan assets, the net gain-AOCI, and prior service cost-AOCI [Hint: You might find T-accounts useful.] 5. What amount will Beale report in its 2021 balance sheet as a net pension asset or net pension liability for the funded status of the plan? Req 1 to 3 Req 4 Req 5 Prepare the 2021 journal entries to record pension expense, to record any 2021 gains and losses and the cont benefit payments to retirees. (If no entry is required for a transaction/event, select "No journal entry required' Enter your answers in millions. (i.e., 10,000,000 should be entered as 10).) View transaction list Journal entry worksheet 1 2 3 4 5 Record the pension expense. Note: Enter debits before credits. Event 1 General Journal Debit Credit > Req 1 to 3 Req 4 Req 5 Determine the balances at December 31, 2021, in the PBO, pla [Hint: You might find T-accounts useful.]. (Enter your answers Balances on Dec. 31, 2021 ($ in millions) PBO Plan assets Net gain - AOCI Prior service cost - AOCI Req 1 to 3 Req 4 Req 5 What amount will Beale report in its 2021 balance she the plan? (Enter your answers in millions. (i.e., 10,000 Req 1 to 3 Balance Sheet as of 2021 Net pension asset million