1. The following is an incomplete pension spreadsheet for the current year for Desperado Corporation.

($ in millions) debit (credit)	PBO	Plan Assets	Prior Service Cost	Net (Gain) Loss	Pension Expense	Cash	Net Pension (Liability)/Asset
Beginning balance	(500)	250		58
Service cost					62
Interest cost
Expected return on assets					(23)
(Gain)/loss on assets				(2)
Amortization of:
Prior service cost			(6)
Net (gain)/loss
Loss on PBO	(26)			26
Contributions to fund						(56)
Retiree benefits paid	43	(43)	_____	_____	_____	_____	_____
Ending balance	(575)	288	54	79	_____	_____	(287)

Required:

1) Complete the pension spreadsheet.

2) Prepare the journal entry to record pension expense for the year.