Check my work Lacy Construction has a noncontributory, defined benefit pension plan. At December 31, 2018, Lacy received the following information: Projected Benefit obligation (s in millions) Balance, January l Service cost Prior service cost Interest cost(5.08) Benefits paid Balance, December 31 $ 580 82 34 29 (92) S 633 Plan Assets (s in millions) Balance, January 1 Actual return on plan assets Contributions 2018 Benefits paid Balance, December 31 $ 450 50 82 (92) $ 490 The expected long-term rate of return on plan assets was 10%. There were no AOCI balances related to pensions on January 1, 2018 At the end of 2018, Lacy amended the pension formula creating a prior service cost of $34 million. Required: 1. Determine Lacy's pension expense for 2018. 2. Prepare the journal entryls) to record Lacy's pension expense, gains or losses, prior service cost, funding, and payment of retiree benefits for 2018