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		$	600
Service cost			62
Prior service cost			14
Interest cost(5.0%)			30
Benefits paid			(42	)
Balance, December 31		$	664

Plan Assets	($ in millions)
Balance, January 1		$	250
Actual return on plan assets			28
Contributions 2021			62
Benefits paid			(42	)
Balance, December 31		$	298

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 $14 million. Required: 1. Determine Lacy's pension expense for 2021. 2. Prepare the journal entry(s) to reco