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Beale Management has a noncontributory, defined benefit pension plan. On December 31,2024 (the end of Beale's fiscal year), the following pension-related data were available: Required:

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Beale Management has a noncontributory, defined benefit pension plan. On December 31,2024 (the end of Beale's fiscal year), the following pension-related data were available: Required: 1. to 3. Prepore the journal entries required for the pension during 2024. 4. Determine the balances at December 31, 2024, in the net gain-AOCl, and prior service cost-AOCL. [Hint You might find T-accounts useful.] 5. What amount will Beale report in its 2024 balance sheet os 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. Prepare the journal entries required for the pension during 2024. Required: 1. to 3. Prepare the journal entries required for the pension during 2024. 4. Determine the balances at December 31,2024 , in the net gain-AOCl, and prior service cost-AOCl. [Hint: You might find T-accounts useful.] 5. What amount will Beale report in its 2024 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. Determine the balances at December 31, 2024, in the net gain-AOCI, and prior service cost-AOCL. [Hint: You might find Taccounts useful.] Note: Enter your answers in millions. (f.e, 10,000,000 should be entered as 10). lequired: to 3. Prepare the journal entries required for the pension during 2024. 4. Determine the balances at December 31,2024 , in the net gain-AOCl, and prior service cost-AOCl. [Hint: You might find T-accoun useful.] 5. What amount will Beale report in its 2024 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. What amount will Beale report in its 2024 balance sheet as a net pension asset or net pension liability for the funded status of the plan? Note: Enter your answers in millions. (1.e, 10,000,000 should be entered as 10). Complete this question by entering your answers in the tabs below. Prepare the journal entries required for the pension during 2024. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your millions. (i.e., 10,000,000 should be entered as 10 ). Journal entry worksheet 45 Record the pension expense. Note: Enter debits before credits

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