6 Actuary and trustee reports indicate the following changes in the PBO and plan assets of Douglas-Roberts Industries during 2021: $ 21 million 2 points Prior service cost at Jan. 1, 2021, from plan amendment at the beginning of 2018 (amortization: $3 million per year) Net loss-AOCI at Jan.1, 2021 (previous losses exceeded previous gains) Average remaining service life of the active employee group Actuary's discount rate $160 million 10 years 7 % 03:49:50 Skipped ($ in millions) PBO Beginning of 2021 Service cost Plan Assets Beginning of 2021 Return on plan assets, 8% (10% expected) $ 600 54 $ 400 eBook 32 Hint Interest cost, 7% Loss (gain) on PBO Less: Retiree benefits End of 2021 42 (11) (32) $ 653 Cash contributions Less: Retiree benefits Print 98 (32) $ 498 End of 2021 Required: 1-a. Determine Douglas-Roberts's pension expense for 2021. 1-b, 2. to 4. Prepare the appropriate journal entries to record the pension expense, to record any 2021 gains and losses, to record the cash contribution to plan assets and to record retiree benefits. 6 Complete this question by entering your answers in the tabs below. Req 1A 2 points Req 1B and 2 to 4 Determine Douglas-Roberts's pension expense for 2021. (Amounts to be deducted should be indicated with a minus sign. Enter your answers in millions (i.e., 10,000,000 should be entered as 10).) 8 03:49:33 Pension Expense Skipped eBook Hint Print Pension expense $ 0 Prepare the appropriate journal entries to record the pension expense, to record any 2021 gains and losses, to record the cash contribution to plan assets and to record retiree benefits. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions (i.e., 10,000,000 should be entered as 10).) View transaction list 2. points 8 03:49:15 Journal entry worksheet Skipped 1 2 3 4 5 eBook Record annual pension expense. Hint Print Note: Enter debits before credits. Event General Journal Debit Credit 1 Recard.antry clear entra View generalliournal Prepare the appropriate journal entries to record the pension expense, to record any 2021 gains and losses, to record the cash contribution to plan assets and to record retiree benefits. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions (i.e., 10,000,000 should be entered as 10).) View transaction list 2 points & 03:48:55 Journal entry worksheet Skipped eBook Record the change in plan assets. Hint Print Note: Enter debits before credits. Event General Journal Debit Credit 2 Record entry Clear entry View general journal contribution to plan assets and to record retiree benefits. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions (i.e., 10,000,000 should be entered as 10).) View transaction list 2. points 03:48:42 Journal entry worksheet Skipped eBook Record the change in the PBO. Hint Print Note: Enter debits before credits. Event General Journal Debit Credit 3 Record entry Clear entry View general iournal lapter 17 6 Prepare the appropriate journal entries to record the pension expense, to record any 2021 gains and losses, to record the cash contribution to plan assets and to record retiree benefits. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions (i.e., 10,000,000 should be entered as 10).) View transaction list 2 points 03:48:25 Journal entry worksheet Skipped Record the cash contribution to plan assets. eBook Hint Print Note: Enter debits before credits. Event General Journal Debit Credit 4 Record entry Clear entry View general journal 6 Prepare the appropriate journal entries to record the pension expense, to record any 2021 gains and losses, to record the cash contribution to plan assets and to record retiree benefits. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions (i.e., 10,000,000 should be entered as 10).) View transaction list 2 points 03:48:08 Journal entry worksheet Skipped eBook Record the retiree benefits paid. Hint Print Note: Enter debits before credits. Event General Journal Debit Credit 5