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please help Beale Management has a noncontributory, defined benefit pension plan. On December 31, 2018 (the end of Beale's fiscal year), the following pension-related data

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Beale Management has a noncontributory, defined benefit pension plan. On December 31, 2018 (the end of Beale's fiscal year), the following pension-related data were available: ($ in millions) $ 480 Projected Benefit Obligation Balance, January 1, 2018 Service cost Interest cost, discount rate, 5% Gain due to changes in actuarial assumptions in 2018 Pension benefits paid Balance, December 31, 2018 50 24 (8) (24) $ 522 ($ in millions) $500 34 Plan Assets Balance, January 1, 2018 Actual return on plan assets (Expected return on plan assets, $39) Cash contributions Pension benefits paid Balance, December 31, 2018 75 (24) $585 January 1, 2018, balances: Pension asset Prior service cost-AOCI (amortization $6 per year) Net gain-AOCI (any amortization over 10 years) ($ in millions) $20 42 90 Required: (Expected return on plan assets, $39) Cash contributions Pension benefits paid Balance, December 31, 2018 $585 ($ in millions) $20 January 1, 2018, balances: Pension asset Prior service cost-AOCI (amortization $6 per year) Net gain-AOCI (any amortization over 10 years) 90 Required: 1. to 3. Prepare the 2018 journal entry to record pension expense, to record any 2018 gains and losses and the contribution to plan assets and benefit payments to retirees. 4. Determine the balances at December 31, 2018, in the PBO, plan assets, the net gain-AOCI, and prior service cost-AOCI (Hint: You might find T-accounts useful.] 5. What amount will Beale report in its 2018 balance sheet as a net pension asset or net pension liability for the funded status of the plan? Complete this question by entering your answers in the tabs below. Req 1 to 3 Reg 4 Reg 5 What amount will Beale report in its 2018 balance sheet as a net pension asset or net pension liability for the funded stati the plan? (Enter your answers in millions. (i.e., 10,000,000 should be entered as 10).) Prepare the 2018 journal entry to record pension expense, to record any 2018 gains and losses and the contribut benefit payments to retirees. (If no entry is required for a transaction/event, select "No journal entry required" ir Enter your answers in millions. (i.e., 10,000,000 should be entered as 10).) View transaction list Journal entry worksheet Record the pension expense. Note: Enter debits before credits Event General Journal Debit Credit Check my work cost-AOCI (Hint: You might find T-accounts useful.] 5. What amount will Beale report in its 2018 balance sheet as a net pension asset or net pension liability for the funded status of the plan? Complete this question by entering your answers in the tabs below. Req 1 to 3 Reg 4 Reg 5 Determine the balances at December 31, 2018, in the PBO, plan assets, the net gain-AOCI, and prior service cost-AOCI [Hint: You might find T-accounts useful.). (Enter your answers in millions. (i.e., 10,000,000 should be entered as 10).) Balances on Dec. 31, 2018 ($ in millions) PBO Plan assets Net gain-AOCI Prior service cost-AOCI Check my wor - Velene UE VAIGTILES au Velene JI, LUID, III UE ruu, pian assets, IC net yourAULI, alu pro DEIVICE cost-AOCI (Hint: You might find T-accounts useful.) 5. What amount will Beale report in its 2018 balance sheet as a net pension asset or net pension liability for the funded status of the plan? Complete this question by entering your answers in the tabs below. Req 1 to 3 Reg 4 Req 5 What amount will Beale report in its 2018 balance sheet as a net pension asset or net pension liability for the funded the plan? (Enter your answers in millions. (i.e., 10,000,000 should be entered as 10).) Balance Sheet as on 2018 million

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