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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 2021:

Prior service cost at Jan. 1, 2021, from plan amendment at the beginning of 2019 (amortization: $6 million per year)	$	45	million
Net loss-pensions at Jan.1, 2021 (previous losses exceeded previous gains)	$	63	million
Average remaining service life of the active employee group		10	years
Actuary's discount rate		10	%

($ in millions)

	PBO		Plan Assets
Beginningof 2021	$	430		Beginningof 2021		$	300
Service cost		61		Return on plan assets,
Interest cost, 10%		43		9.0% (10% expected)			27
Loss (gain) on PBO		(2	)	Cash contributions			75
Less: Retiree benefits		(52	)	Less: Retiree benefits			(52	)
End of 2021	$	480		End of 2021		$	350

Assume the following actuary and trustee reports indicating changes in the PBO and plan assets of Lakeside Cable during 2022: ($ in millions)

	PBO		Plan Assets
Beginningof 2022	$	480		Beginningof 2022		$	350
Service cost		51		Return on plan assets,
Interest cost, 10%		48		14% (10% expected)			49
Loss (gain) on PBO		7		Cash contributions			43
Less: Retiree benefits		(29	)	Less: Retiree benefits			(29	)
Endof 2022	$	557		Endof 2022		$	413

Required: 1-a.Determine Lakeside's pension expense for 2021. 1-b.Prepare the appropriate journal entries to record the expense as well as the cash contribution to plan assets and payment of benefits to retirees.

Sachs Brands's defined benefit pension plan specifies annual retirement benefits equal to 1.6% service years final year's salary, payable at the end of each year. Angela Davenport was hired by Sachs at the beginning of 2007 and is expected to retire at the end of 2041 after 35 years' service. Her retirement is expected to span 18 years. Davenport's salary is $94,000 at the end of 2021 and the company's actuary projects her salary to be $300,000 at retirement. The actuary's discount rate is 8%. (FV of $1,PV of $1,FVA of $1,PVA of $1,FVAD of $1andPVAD of $1)(Use appropriate factor(s) from the tables provided.) Required: 2.Estimate by the projected benefits approach the amount of Davenport's annual retirement payments earned as of the end of 2021. 3.What is the company's projected benefit obligation at the end of 2021 with respect to Davenport?(Donot round intermediate calculations. Round your final answer to the nearest whole dollar.) 4.If no estimates are changed in the meantime, what will be the company's projected benefit obligation at the end of 2024 (three years later) with respect to Davenport?(Do not round intermediate calculations. Round your final answer to the nearest whole dollar.)