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: (s in millions) $480 82 24 (10) (40) 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 $536 ($ in millions) Plan Assets Balance, January 1, 2818 Actual return on plan assets (Expected return on plan assets, $45) Cash contributions Pension benefits paid $500 48 78 $570 (40) Balance, December 31, 2818 January 1, 2018, balances: Pension asset Prior service cost-AOCI (amortization $8 per year) Net gain-AOCI (any amortization over 15 years) ($ in millions) $20 48 80 Required: 1. to 3. 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 4. Determine the balances at December 31, 2018, in the PBO, plan assets, the net gain-AOCI, and prior service cost-AOCI [Hint You 5. What amount will Beale report in its 2018 balance sheet as a net pension asset or net pension liability for the funded status of the might find T-accounts useful.] plan