! Required information [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: $4 million per year) Net loss-pensions at Jan.1, 2021 (previous losses exceeded previous gains) Average remaining service life of the active employee group Actuary's discount rate ($ in millions) PBO Beginning of 2021 $300 Service cost 48 Interest cost, 8% 24 Loss (gain) on PBO (2) Beginning of 2021 Return on plan assets, 7.5% (10% expected) Cash contributions Plan Assets $200 15 45 Less: Retiree benefits (20) Less: Retiree benefits (20) End of 2021 $350 End of 2021 $240 $32 million $40 million 10 years 8% Assume the following actuary and trustee reports indicating changes in the PBO and plan assets of Lakeside Cable during 2022: ($ in millions) Beginning of 2022 Service cost PBO $350 38 Interest cost at 8% 28 Loss (gain) on PBO Less: Retiree benefits 5 End of 2022 $405 Beginning of 2022 Return on plan assets, 15% (10% expected) Cash contributions (16) Less: Retiree benefits End of 2022 Plan Assets $240 36 30 (16) $290 Drov 10 11 of 11 Novt