Beale Management has a noncontributory, defined benefit pension plan. On December $31,2024($the end of Beale's fiscal year$),$ the following pension$-$related data were available:

Required:

$1.$ to $3.$ Prepare the journal entries required for the pension during $2024.$

$4.$ Determine the bolances at December $31,2024,$ in the net gain$-$AOCl, and prior service cost$-$AOCl. $[$Hint: You might find T$-$sccounts useful.$]$

$5.$ What amount will Besle report in its $2024$ balance sheet os o net pension asset or net pension lisbility for the funded status of the plan?

Answer is not complete.

Complete this question by entering your answers in the tabs below.

Req $1$ to $3$

Prepare the journal entries required for the pension during $2024.$

Note: 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 $10).$ Req $1$ to $3$

Prepare the journal entries required for the pension during $2024.$

Note: 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$.,\backslash (10,000,000\backslash )$ should be entered as $10).$

$\backslash$begin$\{$tabular$\}\{|$c$|$c$|$c$|$c$|$c$|\}$

$\backslash$hline No & Event & General Journal & Debit & Credit $\backslash \backslash$

$\backslash$hline $1$ & $1$ & Pension expense & $36$ & $\backslash \backslash$

$\backslash$hline & & Plan assets & & $\backslash (36\backslash$times $\backslash )\backslash \backslash$

$\backslash$hline & & & & $\backslash \backslash$

$\backslash$hline $2$ & $2$ & & $\backslash (74\backslash$times $\backslash )$ & $\backslash \backslash$

$\backslash$hline & & & & $\backslash (74\backslash$times $\backslash )\backslash \backslash$

$\backslash$hline & & & & $\backslash \backslash$

$\backslash$hline $3$ & $3$ & PBO & $\backslash (23\backslash$times $\backslash )$ & $\backslash \backslash$

$\backslash$hline & & Plan assets & & $\backslash (23\backslash$times $\backslash )\backslash \backslash$

$\backslash$hline & & & & $\backslash \backslash$

$\backslash$hline $4$ & $4$ & & $74$ & $\backslash \backslash$

$\backslash$hline & & & & $74\backslash \backslash$

$\backslash$hline & & & & $\backslash \backslash$

$\backslash$hline $5$ & $5$ & & $\backslash (23>\backslash )$ & $\backslash \backslash$

$\backslash$hline & & & & $23\backslash \backslash$

$\backslash$hline

$\backslash$end$\{$tabular$\}$