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need help with 4-a & 4-b Actuary and trustee reports indicate the following changes in the PBO and plan assets of Lakeside Cable during 2024
need help with 4-a & 4-b
Actuary and trustee reports indicate the following changes in the PBO and plan assets of Lakeside Cable during 2024 Pelor service cost at Javisery 1, 2024, from plan amendrent at the beqinning of 2022 (anortization: $6 millios per yest) Net loop-pensions ot Jasuary 1, 2024 (provioun 108 kes exceeded previous gains) Average remaining service life of the active esployee group Actuary a dincount rate. \& 42 milition 5 . 60 milition 10 yearo at (\$ in mittions) Assume the following actuary and trustee reports indicating changes in the Pgo and plan assets of Lakeside Cable during 2025: (5) in millions) 4-a. Determine Lakeside's pension expense for 2025 . 4.b. Prepate the appropriate joumal entries to record the expense, the cash funding of plan assets, and payment of benefis to Step by Step Solution
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