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Required information Skip to question [ The following information applies to the questions displayed below. ] Actuary and trustee reports indicate the following changes in

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[The following information applies to the questions displayed below.]
Actuary and trustee reports indicate the following changes in the PBO and plan assets of Lakeside Cable during 2024:
Prior service cost at January 1,2024, from plan amendment at the beginning of 2022(amortization: $6 million per year) $ 46 million
Net loss-pensions at January 1,2024(previous losses exceeded previous gains) $ 64 million
Average remaining service life of the active employee group 10 years
Actuarys discount rate 10%
($ in millions)
PBO Plan Assets
Beginning of 2024 $ 440 Beginning of 2024 $300
Service cost 62
Interest cost, 10%44 Return on plan assets, 8.0%(10% expected)24
Loss (gain) on PBO (4) Cash contributions 78
Less: Retiree benefits (52) Less: Retiree benefits (52)
End of 2024 $ 490 End of 2024 $350
Assume the following actuary and trustee reports indicating changes in the PBO and plan assets of Lakeside Cable during 2025:
($ in millions)
PBO Plan Assets
Beginning of 2025 $ 490 Beginning of 2025 $ 350
Service cost 52
Interest cost, 10%49 Return on plan assets, 16%(10% expected)56
Loss (gain) on PBO 5 Cash contributions 44
Less: Retiree benefits (30) Less: Retiree benefits (30)
End of 2025 $ 566 End of 2025 $ 420
6. Using T-accounts, determine the balances at December 31,2025, in the net lossAOCI and prior service costAOCI.
Note: Enter your answers in millions rounded to 1 decimal place (i.e.,5,500,000 should be entered as 5.5).

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