Beale Management has a noncontributory, defined benefit pension plan on December 31, 2021 (the end of Beale's fiscal year), the following pension-related data were available: Projected Benefit obligation sions) Balance, January 1, 2021 $ 440 Service cost 46 Interest cost, discount rate, SX :22 Gain due to changes in actuarial assumptions in 2021 (13) Pension benefits paid (22) Balance, December 31, 2021 $ 473 35 in millions) S. 32 Plan Assets Balance, January 1, 2023 Actual return on plan asset (Expected return on plan asunts, $37) Cash contributions Pension benefits paid Balance, December 11, 2071 73 (32) January 1, 2021. balances Pension asset Prior service costat (mortization 56 per year) Net al (nynortiration over 18 years) in willion) $20 42 30 Required: 1.10 3. Prepare the 2021 journal entries to record pension expense to record any 2021 gains and losses and the contribution to plan assets and benefit payments to retirees 4. Determine the balances at December 31, 2021 in the PBO, plan assets, the net gain AOCI and prior service cost-AOCI (Hint You might find T accounts useful) 5. What amount will Beale report in its 2021 balance sheet as a net pension asset or net pension liability for the funded status of the plan? Req 1 to 3 Reg 4 Req 5 Prepare the 2021 journal entries to record pension expense, to record any 2021 gains and losses an benefit payments to retirees. (If no entry is required for a transaction/event, select "No journal entr Enter your answers in millions. (i.e., 10,000,000 should be entered as 10).) View transaction list Journal entry worksheet Record the payment of benefits. Note: Enter debits before credits Event General Journal Debit Credit 5 Req 1 to 3 Req 4 Req 5 Prepare the 2021 journal entries to record pension expense, to record any 2021 gains and lo benefit payments to retirees. (If no entry is required for a transaction/event, select "No jour Enter your answers in millions. (.e., 10,000,000 should be entered as 10).) View transaction list Journal entry worksheet