Problem 17-21 (Algo) Pension disclosure; amortization of actuarial gain or loss; Supplies \& More [LO17-3, 17-4, 17-5, 17-6, 17-7] Supplies \& More, is a leading global provider of products, services, and solutions for workplaces. The following is an excerpt from a disclosure note in the company's annual report for the fiscal year ended December 31, 2017: *Expected return $62 and $68 in 2017 and 2016 , respectively Required: 1. What amount did Supplies \& More report in its balance sheet related to the pension plan at December 31,2017 ? 2. When calculating pension expense at December 31, what amount did Supplies \& More include in its income statement as the amortization of unrecognized net actuarial loss (net loss-AOCI)? This AOCl account had a balance of $73 million at the beginning of the year and was the only AOCl account related to pensions. The average remaining service life of employees was 10 was years. 3. What was the pension expense? 4. What were the appropriate journal entries to record Supplies \& More pension expense and to record gains and/or losses related to the pension plan? Complete this question by entering your answers in the tabs below. What amount did Supplies \& More report in its balance sheet related to the pension plan at December 31,2017 ? When calculating pension expense at December 31, what amount did Supplies \& More include in its income statement as the amortization of unrecognized net actuarial loss (net loss-AOCI)? This AOCI account had a balance of $73 million at the beginning of the year and was the only AOCI account related to pensions. The average remaining service life of employees was 10 was years. What was the pension expense? (Leave no cell blank - be certain to enter " 0 " wherever required. Enter your answers in millions. (i.e., 10,000,000 should be entered as 10). Enter credit amounts with a minus sign and debit amounts with a positive sign.) Required: 1. What amount did Supplies \& More report in its balance sheet related to the pension plan at December 31,2017 ? 2. When calculating pension expense at December 31 , what amount did Supplies \& More include in its income statement as the amortization of unrecognized net actuarial loss (net loss- AOCl ? This AOCl account had a balance of $73 million at the beginning of the year and was the only AOCl account related to pensions. The average remaining service life of employees was 10 was years. 3. What was the pension expense? 4. What were the appropriate journal entries to record Supplies \& More pension expense and to record gains and/or losses related to the pension plan? Complete this question by entering your answers in the tabs below. What were the appropriate journal entries to record Supplies \& More pension expense and to record gains and/or losses related to the pension plan? (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions. (i.e., 10,000,000 should be entered as 10).) Journal entry worksheet 3 Note: Enter debits before credits. Problem 17-21 (Algo) Pension disclosure; amortization of actuarial gain or loss; Supplies \& More [LO17-3, 17-4, 17-5, 17-6, 17-7] Supplies \& More, is a leading global provider of products, services, and solutions for workplaces. The following is an excerpt from a disclosure note in the company's annual report for the fiscal year ended December 31, 2017: *Expected return $62 and $68 in 2017 and 2016 , respectively Required: 1. What amount did Supplies \& More report in its balance sheet related to the pension plan at December 31,2017 ? 2. When calculating pension expense at December 31, what amount did Supplies \& More include in its income statement as the amortization of unrecognized net actuarial loss (net loss-AOCI)? This AOCl account had a balance of $73 million at the beginning of the year and was the only AOCl account related to pensions. The average remaining service life of employees was 10 was years. 3. What was the pension expense? 4. What were the appropriate journal entries to record Supplies \& More pension expense and to record gains and/or losses related to the pension plan? Complete this question by entering your answers in the tabs below. What amount did Supplies \& More report in its balance sheet related to the pension plan at December 31,2017 ? When calculating pension expense at December 31, what amount did Supplies \& More include in its income statement as the amortization of unrecognized net actuarial loss (net loss-AOCI)? This AOCI account had a balance of $73 million at the beginning of the year and was the only AOCI account related to pensions. The average remaining service life of employees was 10 was years. What was the pension expense? (Leave no cell blank - be certain to enter " 0 " wherever required. Enter your answers in millions. (i.e., 10,000,000 should be entered as 10). Enter credit amounts with a minus sign and debit amounts with a positive sign.) Required: 1. What amount did Supplies \& More report in its balance sheet related to the pension plan at December 31,2017 ? 2. When calculating pension expense at December 31 , what amount did Supplies \& More include in its income statement as the amortization of unrecognized net actuarial loss (net loss- AOCl ? This AOCl account had a balance of $73 million at the beginning of the year and was the only AOCl account related to pensions. The average remaining service life of employees was 10 was years. 3. What was the pension expense? 4. What were the appropriate journal entries to record Supplies \& More pension expense and to record gains and/or losses related to the pension plan? Complete this question by entering your answers in the tabs below. What were the appropriate journal entries to record Supplies \& More pension expense and to record gains and/or losses related to the pension plan? (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions. (i.e., 10,000,000 should be entered as 10).) Journal entry worksheet 3 Note: Enter debits before credits