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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 cost at Jan. 1. 2018, from plan arendinant at the beginning of 2016 (amortization: $5 million per year) Set loss-pensions at Jan 1, 2018 (previous looser exceeded previous gaina) Average remaining service life of the active employee group Actuary's discount rate $38 million $55 million 10 years 20 ($ in millions) Plan Aasta $160 Beginning of 2018 Service cost Interest cost, Tous (gain) on 30 Less Retire benefits od ot 2016 pho $350 Beginning of 2018 49 Return on plan assets 20 7.56 101 expected) (2) Cash contributions (25) Loss Retiree benefits $400 ind of 2018 12 53 (25) $200 Required: 1-a. Determine Lakeside's pension expense for 2018. (Enter your answers in millions (i.e., 10,000,000 should be entered as 10).) Pension to 2018 milion 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? (If no entry is required for a transaction/event, select "No Journal entry required" in the first account field. Enter your answers in millions (t.e., 10,000,000 should be entered as 10).) View transaction list Journal entry worksheet 1 2 3 Record the pension expense. Note: Enter debits before credits Transaction General Journal Dobit Credit Record entry Clear entry View general journal 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? (I no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions (i.e. 10,000,000 should be entered as 10).) View transaction list Journal entry worksheet

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