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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

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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 2018: Prior service cont at Jan. 1. 2018, from plan anondment at the beginning of 2016 (amortization: $5 million per year) Net loss-pensions at Jan 1, 2018 (previous loures exceeded previous gaine) Average remaining service life of the active employee group Actuary's discount rate $38 million 555 million 10 years BO ($in millions) PRO Plan Aasta $160 Beginning of 2018 Service cost Interest coat, 81 Toss (gain) on PRO Lem Tetiree benefits Ind of 2010 $350 Beginning of 2018 49 Return on plan assets, 28 7.54 (101 expected) (2) Cash contributions (25) Less Retiree benefits $400 End of 2018 12 53 (25) 5200 2. Determine the new goins and/or losses in 2018 and prepare the appropriate journal entry(s) to record them. (If no entry is requir for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions (l.e., 10,000,0 should be entered as 10).) View transaction list 2. Determine the new gains and/or losses in 2018 and prepare the appropriate journal entry(s) to record them. (if no entry is required for a transaction/event, select "No Journal entry required" in the first account field. Enter your answers in millions (1.e. 10,000,000 should be entered as 10).) View transaction list Journal entry worksheet

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