Lacy Construction has a noncontributory, defined benefit pension plan. At December 31, 2021, Lacy received the following information:

Projected Benefit Obligation	($ in millions)
Balance, January 1		$	760
Service cost			100
Prior service cost			52
Interest cost(5%)			38
Benefits paid			(99	)
Balance, December 31		$	851

Plan Assets	($ in millions)
Balance, January 1		$	630
Actual return on plan assets			65
Contributions, 2021			100
Benefits paid			(99	)
Balance, December 31		$	696

The expected long-term rate of return on plan assets was 10%. There were no AOCI balances related to pensions on January 1, 2021. At the end of 2021, Lacy amended the pension formula creating a prior service cost of $52 million. Assume Lacy Construction prepares its financial statements according to International Financial Reporting Standards (IFRS) and that the actuary's discount rate is the rate on high-quality corporate bonds. Required: 1. Determine Lacys net pension cost for 2021. 2. Prepare the journal entry(s) to record Lacys (a) net pension cost, (b) gains or losses, (c) prior service cost, (d) funding, and (e) payment of retiree benefits for 2021