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) $ 480 82 (10) (40) $ 536 (5 in millions) $ 500 Plan Assets Balance, January 1, 2021 Actual return on plan assets (Expected return on plan assets, $45) Cash contributions Pension benefits paid Balance, December 31, 2021 70 (40) $570 January 1, 2021, balanced Pension asset Prior service cost-AOCI (amortization $8 per year) Niet gain-AOCI (any amortization over 15 years) (5 in millions) $ 20 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-AOC, 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 ability for the funded status of the plan? Complete this question by entering your answers in the tabs below. 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-AOCLand 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? Complete this question by entering your answers in the tabs below. Req 1 to 3 Reg 4 Req 5 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. (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).) View transaction list Journal entry worksheet 1 2 3 4 5 Record the pension expense