EX. 10-5 Recorded pension expenditures are not always influenced by actuarial computations. Hayward City maintains a defined benefit pension plan for its employees. In a recent year, the city con- tributed $5 million to its pension fund. However, its annual pension cost as calculated by its actuary was $7 million. The city accounts for the pension contributions in a governmental fund. 1. Record the pension expenditure in the appropriate fund. 2. Suppose in the following year the city contributed $6 million to its pension fund, but its annual pension cost per its actuary was only $5 million. Prepare the appropriate journal entries. 3. Briefly justify why you did, or did not, take into account the pension cost as calculated by the actuary