Exercise 17-19 (Algo) Record pension expense, funding, and gains and losses; determine account balances [LO17-6, 17-7, 17-8] Beale Management has a noncontributory, defined benefit pension plan. On December 31, 2021 (the end of Becle's fiscal year), the following pension-related date were available: Required: 1. to 3. Propare the 2021 journal entries to record pension expense, to record any 2021 gains and losses and the contribution to plan assots and benefit payments to retirees 4. Determine the balances at December 31, 2021, in the PBO, plan assets. the net gain-AOCI, and prior service cost-AOCI [Hint Yoc might find Toccounts useful.] 5. What amount will Beale report in its 2021 balance sheet as a net pension asset or net pension liablify for the funded status of ene ptan? 5. What amount will Beale report in its 2021 balance sheet as a net pension asset or net pension liability for the funded status of t plan? Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Prepare the 2021 journal entries to record pension expense, to record any 2021 gains and losses and the contribution to plan assets and benefit payments to retirees. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions. (lie., 10,000,000 should be entered as 10).) 1. to 3. Prepare the 2021fuumal entries to record pension expense, to record any 2021 gains and losses and the contribution to plon Required: assets and beneft payments to retirees. 4. Determine the balances at December 31, 2021, in the PBO, plan assets, the net gain-AOCI, and priot service cost-AOCi 7 hint You might find T-accounts useful.] 5. What amount wil Beale report in its 2021 balance sheet as a net pension asset or net penslon liability for the funded status of the plan? Answer is complete but not entirely correct. Complate this question by entering your answers in the tabs below. Determine the balances ot December 31, 2021, In the P6O, plan assets, the net gain-AOCI, and priar service cost-AOCI (Hint You might find T-accounts useful.). (Enter your answers in milions. (0,6,10,000,000 should be entored as 10).) 1. to 3. Prepare the 2021 journal entries to record pension expense, to record any 2021 gains and losses and the contribution to plan assets and benefit payments to retirees. 4. Determine the balances at December 31, 2021, in the PBO, plan assets, the net gain-AOCl, and prior service cost-AOCl [Hint: You might find T-accounts useful.] 5. What amount will Beale report in its 2021 balance sheet as a net pension asset or net pension liability for the funded status of the plan? Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. What amount will Beole report in its 2021 bolance sheet as a net pension asset or net pension lability for the funded status of the plan? (Enter your answers in milions. (1.e., 10,000,000 should be entered as io).) Exercise 17-19 (Algo) Record pension expense, funding, and gains and losses; determine account balances [LO17-6, 17-7, 17-8] Beale Management has a noncontributory, defined benefit pension plan. On December 31, 2021 (the end of Becle's fiscal year), the following pension-related date were available: Required: 1. to 3. Propare the 2021 journal entries to record pension expense, to record any 2021 gains and losses and the contribution to plan assots and benefit payments to retirees 4. Determine the balances at December 31, 2021, in the PBO, plan assets. the net gain-AOCI, and prior service cost-AOCI [Hint Yoc might find Toccounts useful.] 5. What amount will Beale report in its 2021 balance sheet as a net pension asset or net pension liablify for the funded status of ene ptan? 5. What amount will Beale report in its 2021 balance sheet as a net pension asset or net pension liability for the funded status of t plan? Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Prepare the 2021 journal entries to record pension expense, to record any 2021 gains and losses and the contribution to plan assets and benefit payments to retirees. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions. (lie., 10,000,000 should be entered as 10).) 1. to 3. Prepare the 2021fuumal entries to record pension expense, to record any 2021 gains and losses and the contribution to plon Required: assets and beneft payments to retirees. 4. Determine the balances at December 31, 2021, in the PBO, plan assets, the net gain-AOCI, and priot service cost-AOCi 7 hint You might find T-accounts useful.] 5. What amount wil Beale report in its 2021 balance sheet as a net pension asset or net penslon liability for the funded status of the plan? Answer is complete but not entirely correct. Complate this question by entering your answers in the tabs below. Determine the balances ot December 31, 2021, In the P6O, plan assets, the net gain-AOCI, and priar service cost-AOCI (Hint You might find T-accounts useful.). (Enter your answers in milions. (0,6,10,000,000 should be entored as 10).) 1. to 3. Prepare the 2021 journal entries to record pension expense, to record any 2021 gains and losses and the contribution to plan assets and benefit payments to retirees. 4. Determine the balances at December 31, 2021, in the PBO, plan assets, the net gain-AOCl, and prior service cost-AOCl [Hint: You might find T-accounts useful.] 5. What amount will Beale report in its 2021 balance sheet as a net pension asset or net pension liability for the funded status of the plan? Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. What amount will Beole report in its 2021 bolance sheet as a net pension asset or net pension lability for the funded status of the plan? (Enter your answers in milions. (1.e., 10,000,000 should be entered as io).)