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Required: 1. Calculate pension expense for 2021 and 2022. 2. Prepare the journal entries for 2021 and 2022 to record pension expense. 3. Prepare the
Required: 1. Calculate pension expense for 2021 and 2022. 2. Prepare the journal entries for 2021 and 2022 to record pension expense. 3. Prepare the journal entries for 2021 and 2022 to record any gains and losses and new prior service cost. 4. Prepare the journal entries for 2021 and 2022 to record (a) the cash contribution to plan assets and (b) the benefit payments to retirees.
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