On December 31, 2018, the following pension related data were available for Atlantic Industries no contributory defined benefit pension plan Projected Benefit Obligation (in millions Balance, Jan. 1. 2018 $960 Service cost 164 Interest cost discount rate, 5% 48 (20) Gain due to actuarial changes in assumptions Pension benefits poid Balance. De 31. 2018 (BO) $1.072 Plan Asset Balance, Jan. 1. 2018 $1.000 Actual return on plan assets BO Expected return on plan assets. 590) 140 Cash contributions Pension Benefits Paid (80) Balance. De 31. 2018 51.140 Jan. 1. 2018, Balances $96 Prior Service Cost amortization $16 per year) Net sain any amortization over 15 years) 160 Required: Show detailed solutions to come agints! 11 Determine the persist expense prepare the 2018 journal entry to record pension pense 21 Prepare the 2018 Joumal entry to record the contribution to plan assets 31 Prepare the journal entries to record any 2018 ans and losses $960 164 On December 31, 2018, the following pension-related data were available for Atlantic Industries' noncontributory. defined benefit pension plan: Projected Benefit Obligation (in millions) Balance. Jan. 1. 2018 Service cost Interest cost discount rate, 5% 48 Gain due to actuarial changes in assumptions (20) Pension benefits paid (80) Balance. De 31, 2018 $1.072 Plan Asset Balance, Jan. 1. 2018 $1.000 80 140 Actual return on plan assets (Expected return on plan assets. 590) Cash contributions Pension Benefits Paid Balance, De 31, 2018 Jan. 1. 2018, Balances: (80) $1.140 $96 Prior Service Cost (amortization $16 per year) Net gain (any amortization over 15 years) 160 pense. Required: Show detailed solutions to earn ster points! 1) Determine the pension expense, prepare the 2018 journal entry to record pension exper 2) Prepare the 2018 journal entry to record the contribution to plan assets. 3) Prepare the journal entries to record any 2018 gains and losses