lectronic Distribution has a defined benefit pension plan. Characteristics of the plan during 2024 are as follows: The expected long-term rate of return on plan assets was 8%. There were no AOCI balances related to pensions on January 1,2024, but at the end of 2024 , the company amended the pension formula, creating a prior service cost of $19 million. Required: 1. Calculate the pension expense for 2024 2. Prepare the journal entries to record (a) pension expense, (b) gains or losses, (c) priof service cost, (d) funding and (e) payment of benefits for 2024 3. What amount will Electronic Distribution report in its 2024 balance sheet as a net pension asset or net pension liability? Complete this question by entering your answers in the tabs below. Calculate the pension expense for 2024 . Note: Amounts to be deducted should be ind cated with a minus agn. Enter your answers in milliona (1.0, 10,000,000 should heilentered 4(0) lectronic Distribution has a defined benefit pension plan. Characteristics of the plan during 2024 are as follows: The expected long-term rate of return on plan assets was 8%. There were no AOCI balances related to pensions on January 1,2024, but at the end of 2024 , the company amended the pension formula, creating a prior service cost of $19 million. Required: 1. Calculate the pension expense for 2024 2. Prepare the journal entries to record (a) pension expense, (b) gains or losses, (c) priof service cost, (d) funding and (e) payment of benefits for 2024 3. What amount will Electronic Distribution report in its 2024 balance sheet as a net pension asset or net pension liability? Complete this question by entering your answers in the tabs below. Calculate the pension expense for 2024 . Note: Amounts to be deducted should be ind cated with a minus agn. Enter your answers in milliona (1.0, 10,000,000 should heilentered 4(0)