Mendez Company has a noncontributory, defined benefit pension plan. On December 31, 2023 (the end of Mendez's fiscal year) the following pension-related data were available ($ in millions):

Beginning balances (1/1/2023)

Prior Service Cost- AOCI .................     $60

Net Gain - AOCI .............................          50

Projected Benefit Obligation.............    400

Plan Assets .....................................          300

2023 Pension Activity:

Cash Contributions .........................       $ 90

Retiree Benefits Paid......................           40

Service Cost  .................................             52

Interest Cost  ..................................           32

Loss Due to Changes in Actuarial

              Assumptions ....................              6

Prior Service Cost Amortization ....         12

Actual Return on Plan Assets...........         20

Expected Return on Plan Assets......         15

Amortization of Net Gain - AOCI ...           2  

REQUIREMENT: Prepare 2023 partial financial statements, in good form, for Mendez Company's pension-related information as presented in class.  You must show all supporting computations in order to receive full credit even if your final answer is correct!!!!!!

HINT: THE EASIEST APPROACH TO THE SOLUTION IS TO SET UP T-ACCOUNTS AND TRACK THE ACTIVITY IN THEM.