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Electronic Distribution has a defined benefit pension plan Characteristics of the plan during 2021 wre as follows PO balance, January 1 Plesets balance Vanuary Service cost Interest cost Gain fron change in actuarial assumption Benefits paid Actual return on plan assets Contributions 2021 The expected long-term rate of return on plan assets was 10%. There were no AOCI balances related to pensions on January 1, 2021 but at the end of 2021, the company amended the pension formula, creating a prior service cost of $11 million (Enter your answers in milions (Le.. 10,000,000 should be entered as 10).) Required: 1. Calculate the pension expense for 2021 2. Prepare the journal entries to record (a) pension expense. (l gains or losses. Id prior service cost, (dh funding, and (e) payment of benefits for 2021 3. What amount will Electronic Distribution report in its 2021 balance sheet as a net pension asset or net pension Wability? Complete this question by entering your answers in the tabs below. Required 2 Required 3 Calculate the pension expense for 2021. (Enter your answer in milion 1.100.000 should b e 101 Pengene Required 2 > Electronic Distribution has a defined benefit pension plan Characteristics of the plan during 2021 wre as follows PO balance, January 1 Plesets balance Vanuary Service cost Interest cost Gain fron change in actuarial assumption Benefits paid Actual return on plan assets Contributions 2021 The expected long-term rate of return on plan assets was 10%. There were no AOCI balances related to pensions on January 1, 2021 but at the end of 2021, the company amended the pension formula, creating a prior service cost of $11 million (Enter your answers in milions (Le.. 10,000,000 should be entered as 10).) Required: 1. Calculate the pension expense for 2021 2. Prepare the journal entries to record (a) pension expense. (l gains or losses. Id prior service cost, (dh funding, and (e) payment of benefits for 2021 3. What amount will Electronic Distribution report in its 2021 balance sheet as a net pension asset or net pension Wability? Complete this question by entering your answers in the tabs below. Required 2 Required 3 Calculate the pension expense for 2021. (Enter your answer in milion 1.100.000 should b e 101 Pengene Required 2 >

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