Electronic Distribution has a defined benefit pension plan. Characteristics of the pian during 2018 are as follows: (5 millions) PBO balance, January 1 $ 510 Plan assets balance, January 1 200 Service cost 90 Interest cost 60 Gain fron change in actuarial assumption 32 Benefits paid (42) Actual return on plan assets Contributions 2018 12 80 The expected long-term rate of return on plan assets was 10%. There were no AOCI balances related to pensions on January 1, 2018 but at the end pf 2018, the company amended the pension formula creating a prior service cost of $16 million (Enter your answers in millions (l.e. 10,000,000 should be entered as 10).) Required: 1. Calculate the pension expense for 2018 2. Prepare the journal entry to record pension expense, gains or losses, prior service cost, fnding, and payment of benefits for 2018 3. What amount will Electronic Distribution report in its 2018 balance sheet as a net pension asset or net pension Hability? Complete this question by entering your answers in the tabs below. Reged 1 Required 2 Required 3 Prepare the journal entry to record pension expense, gains or losses, prior service cost, funding and payment of benefits for 2018. (If no entry k required for transaction/event, select "No journal entry required in the first account field) View transaction ist