Actuary and trustee reports indicate the following changes in the PBO and plan assets of Lakeside Cable during 2021: Prior service cost at Jan. 1, 2021, from plan amendment at the beginning of 2019 (amortization: $7 million per year) Net loss-pensions at Jan.1, 2021 (previous losses exceeded previous gains) Average remaining service life of the active employee group Actuary's discount rate $52 million $65 million 10 years ($ in millions) Beginning of 2021 $550 Service cost 68 Interest cost, 88 44 7.5% (10% expected) Loss (gain) on PBO (3) Less: Retiree benefits. (59) Less: Retiree benefits End of 2021 $600 End of 2021 Beginning of 2021 Return on plan assets, Cash contributions Plan Assets $400 30 79 (59) $450 Assume the following actuary and trustee reports indicating changes in the PBO and plan assets of Lakeside Cable during 2022: ($ in millions) Plan Beginning of 2022 $600 Service cost 58 Beginning of 2022 Return on plan assets, Assets $450 Interest cost, 8% 48 Loss (gain) on PBO 5 Less: Retiree benefits (36) End of 2022 $675 18 (10% expected) Cash contributions Less: Retiree benefits End of 2022 81 50 (36) $545 2. Determine the new gains and/or losses in 2021 and prepare the appropriate journal entry(s) to record them. (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).) No 1 Transaction 1 Loss - OCI Plan assets 2 2 PBO Gain - OCI Answer is complete but not entirely correct. General Journal Debit Credit 36 x 50 36 x 36