Determine the new gains and/or losses in 2025, and prepare the appropriate journal entry(s) to record them.

a) Record gain or loss on PBO.

b) Record gain or loss on plan assets.

Actuary and trustee reports indicate the following changes in the PBO and plan assets of Lakeside Cable during 2024 : Prior service cost at January 1, 2024, from plan amendment at the beginning of 2022 (amortization: $6 million per year) $40 million Net loss-pensions at January 1, 2024 (previous losses exceeded previous gains) \$58 million Average remaining service life of the active employee group 10 years Actuary's discount rate 10% (\$ in millions) Assume the following actuary and trustee reports indicating changes in the PBO and plan assets of Lakeside Cable during 2025: (\$ in millions)