Problem 17-16 (Algo) Part 2

2. Determine the new gains and/or losses in 2021 and prepare the appropriate journal entry(s) to record them

Actuary and trustee reports indicate the following changes in the PBO and plan assets of Lakeside Cable during 2021 : (\$ in milions) Assume the following actuary and trustee reports indicating changes in the PBO and plan assets of Lakeside Cable during 2022: (\$ in milions) Required: 1-a. Determine Lakeside's pension expense for 2021