The Kollar Company has a defined benefit pension plan. Pension Information concerning the fiscal years 2024 and 2025 are presented below ( $ In millions): Information Provided by Pension Plan Actuary: a. Projected benefit obligation as of December 31,2023=$3,650. b. Prior service cost from plan amendment on January 2, 2024 = \$750 (stralght-IIne amortization for 10-year average remaining service period). c. Service cost for 2024=$670. d. Service cost for 2025=$720. e. Discount rate used by actuary on projected benefit obligation for 2024 and 2025=10%. f. Payments to retirees in 2024=$530. g. Payments to retirees in 2025=$600. h. No changes in actuarlal assumptions or estimates. I. Net galn-AOCl on January 1,2024=$455. J. Net galns and losses are amortlzed for 10 years in 2024 and 2025. Information Provided by Pension Fund Trustee: a. Plan asset balance at falr value on January 1,2024=$2,600. b. 2024 contributions =$690. c. 2025 contributions =$740. d. Expected long-term rate of return on plan assets =12%. e. 2024 actual return on plan assets =$240. f. 2025 actual return on plan assets =$290. Required: 1. Calculate pension expense for 2024 and 2025 . 2. Prepare the journal entrles for 2024 and 2025 to record pension expense. 3. Prepare the journal entrles for 2024 and 2025 to record any gains and losses and new prior service cost. 4. Prepare the journal entrles for 2024 and 2025 to record (a) the cash contribution to plan assets and (b) the benefit payments to retirees. Complete this question by entering your answers in the tabs below. Calculate pension expense for 2024 and 2025. Note: Amounts to be deducted should be indicated with a minus sign. Do not round intermediate calculations. Enter your answers in millions rounded to 1 decimal place (i.e., 5,500,000 should be entered as 5.5). Prepare the journal entries for 2024 and 2025 to record pension expense. Note: Do not round intermediate calculations. If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions rounded to 1 decimal place (i.e., 5,500,000 should be entered as 5.5). Journal entry worksheet 2 Note: Enter debits before credits