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Beale Management has a noncontributory, defined benefit pension plan. On December 31, 2018 (the end of Beale's fiscal year), the following pension-related data were available: Projected Benefit Obligation Balance, January 1, 2018 Service cost Interest cost, discount rate, 5% Gain due to changes in actuarial assumptions in 2018 Pension benefits paid Balance, December 31, 2018 ($ in millions) $ 620 64 31 (15) (31) $ 669 ($ in millions) $ 650 41 Plan Assets Balance, January 1, 2018 Actual return on plan assets (Expected return on plan assets, $46) Cash contributions Pension benefits paid Balance, December 31, 2018 82 (31) $ 742 ($ in millions) $ 30 January 1, 2018, balances: Pension asset Prior service cost-AOCI (amortization $8 per year) Net gain-AOCI (any amortization over 10 years) 40 115 Required: Prepare a pension spreadsheet to show the relationship among the PBO, plan assets, prior service cost, the net gain, pension expense, and the net pension asset. (Enter credit amounts with a minus sign and debit amounts with a positive sign.) Prior Net Pension Plan Service Net Pension Cost-AOCI Gain-AOCI Expense (Liability) Asset PBO Assets Cash ($ in millions) Balance, Jan. 1, 2018 Service cost Interest cost, 5% Expected return on assets Adjust for: Loss on assets Amortization of: Prior service cost Net gain Gain on PBO Cash funding Retiree benefits Balance., Dec. 31, 2018 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0

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