ectronic Distribution has a defined benefit pension plan. Characteristics of the plan during 2024 are as follows: The expected long-term rate of return on plan assets was 6%. There were no AOCI balances related to pensions on January 1,2024, but at the end of 2024 , the company amended the pension formula, creating a prior service cost of $15million. Required: 1. Calculate the pension expense for 2024 . 2. Prepare the journal entries to record (a) pension expense, (b) gains or losses, (c) prior service cost, (d) funding. and (e) payment of benefits for 2024. 3. What amount will Electronic Distribution report in its 2024 balance sheet as a net pension asset or net pension liability? Complete this question by entering your answers in the tabs below. Calculate the pension expense for 2024. Nete Amounts to be deducted should be indicated with a minus sign, Enter your answers in milions ( 1, e. 10,000,000 should