please dont copy and paste :) Actuary and trustee reports...
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Actuary and trustee reports indicate the following changes in the PBO and plan assets of Lakeside Cable during 2024 Prior service cost at January 1, 2024, from plan amendment at the beginning of 2022 (amortization: $5 willion per year) Net loss-pensions at January 1, 2024 (previous losses exceeded previous gains) \$ 38 million Average remaining service life of the active employee group $55 million Actuary's discount rate 10 years 8x ( $ in millions) Assume the following actuary and trustee reports indicating changes in the PBO and plan assets of Lakeside Cable during 2025: (\$ in miltions) a. Determine Lakeside's pension expense for 2024 . b. Prepare the appropriate journal entries to record the expense as well as the cash contribution to plan assets and payment of enefits to retirees. Complete this question by entering your answers in the tabs below. Determine Lakeside's pension expense for 2024. Note: Amounts to be deducted should be indicated with a minus sign. Enter your answers in millions (1,0,10,000,000 should be entered as 10)
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