8. P Corp. has a defined benefit pension plan. On December 31, 2021 (the end of P's fiscal year), the following pension-related data were available:

Projected Benefit Obligation	($ in millions)
Balance, January 1, 2021	$240
Service cost	41
Interest cost, discount rate, 5%	12
Gain due to changes in actuarial assumptions in 2021	(5)
Pension benefits paid	(20)
Balance, December 31, 2021	$268
Plan Assets
Balance, January 1, 2021	$250
Actual return on plan assets	20
(Expected return on plan assets, $22.5)
Cash contributions	35
Pension benefits paid	(20)
Balance, December 31, 2021	$285
January 1, 2021, balances:
Prior service cost (amortization $4 per year)	$24
Net gain (any amortization over 15 years)	55

Required: show the computing process and precise journal entries

1) Prepare the 2021 journal entry to record pension expense.

2) Prepare the 2021 journal entry to record the contribution to plan assets.

3) Prepare the journal entries to record any 2021 gains and losses.