Beale Management has a noncontributory, defined benefit pension plan. On December 31, 2018 (the end of Beale's fiscal year), the following pension-related data were available:

Prepare the 2018 journal entry to record pension expense, to record any 2018 gains and losses and the contribution to plan assets and benefit payments to retirees.

Beale Management has a noncontributory, defined benefit pension plan. On December 31, 2018 (the end of Beale's fiscal year), the following pension-related data were available: Projected Benefit Obligation Balance, January 1, 2018 Service cost Interest cost, discount rate, 5% Gain due to changes in actuarial assumptions in 2018 Pension benefits paid Balance, December 31, 2018 ($ in millions) $ 640 66 32 (16) (32) $ 690 ($ in millions) $ 660 42 Plan Assets Balance, January 1, 2018 Actual return on plan assets (Expected return on plan assets, $47) Cash contributions Pension benefits paid Balance, December 31, 2018 83 (32) $ 753 January 1, 2018, balances: Pension asset Prior service cost-AOCI (amortization $4 per year) Net gain-AOCI (any amortization over 10 years) ($ in millions) $ 20 20 106 Prepare the 2018 journal entry to record pension expense, to record any 2018 gains and losses and the contribution to plan assets and benefit payments to retirees. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions. (i.e., 10,000,000 should be entered as 10).) No Event General Journal Debit Credit 1 1 1 Pension expense Plan assets Amortization of net gain-0CI Amortization of prior service cost-OCI PBO _98 - _2 16 - PBO Gain-0Cl Loss-OCI Plan assets _4 83 Plan assets Cash 151 _5 320 PB0_ Plan assets