Beale Management has a noncontributory, defined benefit pension plan. On December 31, 2024 (the end of...

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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: Projected Benefit Obligation Balance, January 1, 2024 Service cost Interest cost, discount rate, 5% Gain due to changes in actuarial assumptions in 2024 Pension benefits paid Balance, December 31, 2024 ($ in millions) $ 520 54 26 (10) (26) $ 564 Plan Assets Balance, January 1, 2024 Actual return on plan assets (Expected return on plan assets, $41) Cash contributions Pension benefits paid Balance, December 31, 2024 January 1, 2024, balances: Pension asset ($ in millions) $ 540 36 77 (26) $ 627 Prior service cost-AOCI (amortization $4 per year) Net gain-AOCI (any amortization over 10 years) Required: ($ in millions) $ 20 20 104 Prepare a pension spreadsheet to show the relationship among the PBO, plan assets, prior service cost, the net gain, pension expense, and the net pension asset. Note: Enter credit amounts with a minus sign and debit amounts with a positive sign. Enter your answers in millions (i.e., 10,000,000 should be entered as 10). ($ in millions) PBO Plan Assets Prior Service Cost-AOCI Net Gain- AOCI Pension Expense Cash Balance, January 1, 2024 Service cost Interest cost, 5% Expected return on assets Adjust for: Net Pension (Liability) / Asset 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: Projected Benefit Obligation Balance, January 1, 2024 Service cost Interest cost, discount rate, 5% Gain due to changes in actuarial assumptions in 2024 Pension benefits paid Balance, December 31, 2024 ($ in millions) $ 520 54 26 (10) (26) $ 564 Plan Assets Balance, January 1, 2024 Actual return on plan assets (Expected return on plan assets, $41) Cash contributions Pension benefits paid Balance, December 31, 2024 January 1, 2024, balances: Pension asset ($ in millions) $ 540 36 77 (26) $ 627 Prior service cost-AOCI (amortization $4 per year) Net gain-AOCI (any amortization over 10 years) Required: ($ in millions) $ 20 20 104 Prepare a pension spreadsheet to show the relationship among the PBO, plan assets, prior service cost, the net gain, pension expense, and the net pension asset. Note: Enter credit amounts with a minus sign and debit amounts with a positive sign. Enter your answers in millions (i.e., 10,000,000 should be entered as 10). ($ in millions) PBO Plan Assets Prior Service Cost-AOCI Net Gain- AOCI Pension Expense Cash Balance, January 1, 2024 Service cost Interest cost, 5% Expected return on assets Adjust for: Net Pension (Liability) / Asset