please, solve the question and correct them.

Staniley-Morgan industries adopted a defined benefit pension plan on Apnil 12, 2024. The provisions of the plan were not made retroactivo to prior years. A local bank, engaged as trustee for the plan assets, expects plan assets to eatn a 10% rate of return. The actual return was also 10% in 2024 and 2025. A consulting firm, engaged as actuary, recommends 5% as the appropriate discount rate. The service cost is $180,000 for 2024 and $230,000 for 2025 . Year-end funding is $190,000 for 2024 and $200,000 for 2025 . No assumptions or estimates were revised during 2024. "We assume the estimated return was based on the actual return on similar investments at the inception of the plan and that, since the estimate didn't chango, that also was the actual rate in 2025. Required: Calculate each of the following amounts as of both December 31, 2024, and December 31, 2025: Note: Enter your answers in thousands (i.e., 200,000 should be entered as 200). Enter a liability as a negative amount. A partially completed perrsion spreadsheot showing the telationships among the elements that constitute Carnoy, incorporateds defined beneft pension plan follows. Six years earlict, Carney revised its pension fermula and recalculated benefits earned by employees in prior years using the more genetous formula. The prior service cost creased by the recalcutation is being amcrtized at the rate of 54 million per yoar. At the end of 2024, the pension foertula was amended again, creating an addational prior service cost of $30 millon. The expected rate of retum on assets and the actuary/s discount rate were 10%, and the averape remaining service life of the active employee group is 10 years. Required: 1. Fill in the missing amounts. 2. Prepare the 2024 journal entry to record pension expense. 3. Prepare the journal entry(s) to record ary 2024 gains and lasses and new peior service cost in 2024, 4. Prepare the 2024 joumal entries to record (a) the cash contribution to plan assots and (b) the paymeat of retiree benefits. Complete this question by entering your answers in the tabs below. Fill in the missing amouns. sign. A partially completed pension spreadsheet showing the relationships among the elements that constitute Carney, Incorporated's defined benefit pension plan follows, Six years earlier, Carney revised its pension formula and recalculated benefits earned by employees in prior years using the more generous formula. The prior service cost created by the recalculation is being amortized at the rate of $4 milsion per yoar. At the end of 2024, the ponsion formula was amended again, creating an additional prior service cost of $30 million. The expected rate of return on assets and the actuary's discount rate were 10%, and the average remaining service life of the active employe group is 10 years. Required: 1. Fill in the missing amounts: 2. Prepare the 2024 journal entry to record pension expense. 3. Prepare the journal entry(s) to record any 2024 goins and losses and new prior service cost in 2024 . 4. Prepare the 2024 journal entries to record (a) the cash contribution to plan ossets and (b) the payment of retiree benefits. Complete this question by entering your answers in the tabs below. 2. Prepare the 2024 journal entry to record pension expense. 3. Prepare the journal entry(s) to recond any 2024 gains and losses and new prior service cost in 2024. 4. Prepare the 2024 journal entries to record (a) the cash contribution to plan assets and (b) the payment of retiree benefits. Note: If no entry is required for a transactionvevent, select "No journal entry required" in the first account field, Enter vour answers in millions (i.e., 10,000,000 should be entered as 10). Show less a