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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

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) $ 32 million
Net loss-pensions at Jan.1, 2021 (previous losses exceeded previous gains) $ 40 million
Average remaining service life of the active employee group 10 years
Actuarys discount rate 8 %

($ in millions)

PBO Plan Assets
Beginning of 2021 $ 300 Beginning of 2021 $ 200
Service cost 48
Interest cost, 8% 24 Return on plan assets, 7.5% (10% expected) 15
Loss (gain) on PBO (2 ) Cash contributions 45
Less: Retiree benefits (20 ) Less: Retiree benefits (20 )
End of 2021 $ 350 End of 2021 $ 240

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
Beginning of 2022 $ 350 Beginning of 2022 $ 240
Service cost 38
Interest cost at 8% 28 Return on plan assets, 15% (10% expected) 36
Loss (gain) on PBO 5 Cash contributions 30
Less: Retiree benefits (16 ) Less: Retiree benefits (16 )
End of 2022 $ 405 End of 2022 $ 290

6. Using T-accounts, determine the balances at December 31, 2022, in the net lossAOCI and prior service costAOCI. (Enter your answers in millions rounded to 1 decimal place (i.e., 5,500,000 should be entered as 5.5).)

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