Wainright Company began the year with a net pension liability of $$112$ million $($underfunded pension plan$).$ Pension expense for the year included the following $($$ in millions$)$: service cost, $$40$; interest cost, $$24$; expected return on assets, $$16$; amortization of net loss, $$8$; amortization of prior service cost, $$12.$

Required:

Prepare the appropriate general journal entry to record Wainright's pension expense.

Journal entry:

Pension Expense: Debit $$68$

Plan Assets: $?$

Amortization of Prior serice cost$-$ OCI: Credit $$12$

PBO: $?$