Actuary and trustee reports indicate the following changes in the PBO and plan assets of...

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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: $5 million per year) Net loss-pensions at Jan.1, 2021 (previous losses exceeded previous gains) Average remaining service life of the active employee group Actuary's discount rate $37 million $55 million 10 years 8% ($ in millions) Beginning of 2021 Service cost Interest cost, 8% Loss (gain) on PBO Less: Retiree benefits End of 2021 $250 Beginning of 2021 Plan Assets $150 48 20 Return on plan assets, 8.0% (10% expected) (3) Cash contributions 12 103 (15) Less: Retiree benefits $300 End of 2021 (15) $250 Assume the following actuary and trustee reports indicating changes in the PBO and plan assets of Lakeside Cable during 2022: ($ in millions) Plan PBO Assets Beginning of 2022 $300 Beginning of 2022 $250 Service cost 43 Return on plan assets, Interest cost, 8% 24 18% (10% expected) 45 Loss (gain) on PBO 6 Cash contributions 35 Less: Retiree benefits (21) Less: Retiree benefits (21) End of 2022 $352 End of 2022 $309 4-a. Determine Lakeside's pension expense for 2022. 4-b. Prepare the appropriate journal entries to record the expense, the cash funding of plan assets, and payment of benefits to retirees. Complete this question by entering your answers in the tabs below. Req 4A Req 4B Determine Lakeside's pension expense for 2022. (Enter your answers in millions rounded to 1 decimal place (i.e., 5,500,000 should be entered as 5.5).) Pension expense 2022 million

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