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 ($ in millions) Balance, January 1, 2021 $ 660 Service cost 68 Interest cost, discount rate, 51 33 Gain due to changes in actuarial assumptions in 2021 (17) Pension benefits paid (33) Balance, December 31, 2021 $ 711 ($ in millions) $ 680 43 Plan Assets Balance, January 1, 2021 Actual return on plan assets (Expected return on plan assets, $48) Cash contributions Pension benefits paid Dalance, December 31, 2021 84 (33) $ 774 January 1, 2021, balancest Pension annet Prior service cost-AOCT (amortization $5 per year) Net gain-AOCI (any amortization over 10 years) (5 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 of December 31, 2021, in the PBO, plan assets, the net goin-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