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: $6 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 $48 million $75 million 10 years 8% ($ in millions) PBO Plan Assets $360 Beginning of 2021 Service cost Interest cost, 8% Loss (gain) on PBO Less: Retiree benefits End of 2021 $450 61 36 (2) (45) $500 Beginning of 2021 Return on plan assets, 7.5% (10% expected) Cash contributions Less: Retiree benefits End of 2021 27 58 (45) $400 Assume the following actuary and trustee reports indicating changes in the PBO and plan assets of Lakeside Cable during 2022 ($ in millions) PBO Plan Assets $400 Beginning of 2022 Service cost Interest cost, 8% Loss (gain) on PBO Less: Retiree benefits End of 2022 $500 54 40 5 (32) $567 Beginning of 2022 Return on plan assets, 14% (10% expected) Cash contributions Less: Retiree benefits End of 2022 56 46 (32) $470 4-a. Determine Lakeside's pension expense for 2022 4-b. Prepare the appropriate journal entries to record the expense, the cash funding of plan assets, and payment of benefits to retirees Complete this question by entering your answers in the tabs below. Reg 4A Req 4B Determine Lakeside's pension expense for 2022. (Enter your answers in millions rounded to 1 decimal place (i.e., 5,500,000 should be entered as 5.5).) Pension expense 2022 million Req 4B > 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 $48 million $75 million Prior service cost at Jan. 1, 2021, from plan amendment at the beginning of 2019 (amortization: $6 million per year) Net loss-pensions at Jan.1, 2021 (previous losses exceeded previous gains) Average remaining service life of the active employee group Actuary's discount rate 10 years 8% ($ in millions) PBO Plan Assets $360 Beginning of 2021 Service cost Interest cost, 8% Loss (gain) on PBO Less: Retiree benefits End of 2021 $450 Beginning of 2021 61 Return on plan assets, 36 7.5% (10% expected) (2) Cash contributions (45) Less: Retiree benefits $500 End of 2021 27 58 (45) $400 Assume the following actuary and trustee reports indicating changes in the PBO and plan assets of Lakeside Cable during 2022 ($ in millions) PBO Plan Assets $409 Beginning of 2022 Service cost Interest cost, 8% Loss (gain) on PBO Less: Retiree benefits End of 2022 $500 54 40 5 (32) $567 Beginning of 2022 Return on plan assets, 14% (10% expected) Cash contributions Less: Retiree benefits End of 2022 56 46 (32) $470 4-a. Determine Lakeside's pension expense for 2022 4-b. Prepare the appropriate journal entries to record the expense, the cash funding of plan assets, and payment of benefits to retirees Complete this question by entering your answers in the tabs below. Req 4A Req 4B Prepare the appropriate journal entries to record the expense, the cash funding of plan assets, and payment of benefits to retirees. (IF no entry is required for a transaction/event, select "No journal entry required in the first account field. Enter your answers in millions rounded to 1 decimal place (I.e. 5,500,000 should be entered as 5.5):). View transaction list Journal entry worksheet Record the pension expense. Hote: Enter debits before credits Transaction General Journal Debit Credit 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 20 Prior service cost at Jan. 1, 2021, from plan amendment at the beginning of 2019 (amortization: $6 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 $48 million $75 million 10 years 8% ($ in millions) Plan Assets $360 Beginning of 2021 Service cost Interest cost, 8% Loss (gain) on PBO Less: Retiree benefits End of 2021 PBO $450 Beginning of 2021 61 Return on plan assets, 36 7.5% (10% expected) (2) Cash contributions (45) Less: Retiree benefits $500 End of 2021 27 58 (45) $400 Assume the following actuary and trustee reports indicating changes in the PBO and plan assets of Lakeside Cable du 2022 ($ in millions) PBO Plan Assets $400 Beginning of 2022 Service cost Interest cost, 8% Loss (gain) on PBO Less: Retiree benefits End of 2022 $500 54 40 5 (32) $567 Beginning of 2022 Return on plan assets, 14% (10% expected) Cash contributions Less: Retiree benefits End of 2022 56 46 (32) $470 -a. Determine Lakeside's pension expense for 2022 -b. Prepare the appropriate journal entries to record the expense, the cash funding of plan assets, and payment of benefits to etirees Complete this question by entering your answers in the tabs below. Reg 4A Req 4B Prepare the appropriate journal entries to record the expense, the cash funding of plan assets, and payment of benefits to retirees. (IF no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions rounded to 1 decimal place (1.e., 5,500,000 should be entered as 5.5).) View transaction list Journal entry worksheet