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 2024: Prior service cost at January 1, 2024, from plan amendment at the beginning of 2022 (amortization: $4 milion per year) Net loss-pensions at January 1,2024 (previous losses exceeded previous gains) $40 million Average remaining service life of the active employee group 10 years Actuary's discount rate 8% ($ in millions) Assume the following actuary and trustee reports indicating changes in the PBO and plan assets of Lakeside Cable during 2025 ($ in millions) equired: a. Determine Lakeside's pension expense for 2024. b. Prepare the approprlate journal entrles to record the expense as well as the cash contribution to plan assets and payment of enefits to retirees