e reports indicate the following changes in the PBO and plan assets of Lakeside Cable du Assume the tollowing actuary and trustee reports $$nd$$cat$$ng changes in the PBU and plan assets of Lakes$$de Cabie dur$$ng

$2025$:

$($$ in millions$)$

Problem $17-16($Algo$)$ Part $3$

Prepare a pension spreadsheet to assist you in determining end of $2024$ balances in the PBO $,$ plan assets, prior service cost$-$AOCI,

the net loss$-$AOCI, and the pension liability.

Note: Enter your answers in millions $($i$.$e$.,10,000,000$ should be entered as $10).$ Enter credit amounts with a minus sign and debit

amounts with a positive sign. Required information

Problem $17-16($Algo$)$ Comprehensive$-$reporting a pension plan; pension spreadsheet; financial

statement effects; two years $[$LO$17-3,17-4,17-5,17-6,17-7,17-8]$

$[$The following information applies to the questions displayed below.$]$

Actuary and trustee reports indicate the following changes in the PBO and plan assets of Lakeside Cable during $2024$:

Prior service cost at January $1,2024,$ from plan amendment at the beginning

of $2022($amortization: $$5$ million per year$)$

Net loss$-$pensions at January $1,2024($previous losses exceeded previous

gains$)$

Average remaining service life of the active employee group

Actuary's discount rate

$$38$ million

$$55$ million

$10$ years

$($$ in millions$)$

Assume the following actuary and trustee reports indicating changes in the PBO and plan assets of Lakeside Cable during

$2025$:

$($$ in millions$)$ Assume the following actuary and trustee reports indicating changes in the PBO and plan assets of Lakeside Cable during

$2025$:

$($$ in millions$)$

Problem $17-16($Algo$)$ Part $4$

$4-$a$.$ Determine Lakeside's pension expense for $2025.$

$4-$b$.$ Prepare the appropriate journal entries to record the expense, the cash funding of plan assets, and payment of benefits to

retirees.

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

Req $4$ A

Req $4$B

Determine Lakeside's pension expense for $2025.$

Note: Enter your answers in millions rounded to $1$ decimal place $($i$.$e$.,5,500,000$ should be entered as $5\mathrm{.}5).$Problem $17-16($Algo$)$ Part $4$

$4-$a$.$ Determine Lakeside's pension expense for $2025.$

$4-$b$.$ Prepare the appropriate journal entries to record the expense, the cash funding of plan assets, and payment of benefits to

retirees.

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

Prepare the appropriate journal entries to record the expense, the cash funding of plan assets, and payment of benefits to retirees.

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 rounded to $1$ decimal place $($i$.$e$.,5,500,000$ should be entered as $5\mathrm{.}5).$

cost at January $1,2024,$ from plan amendment at the beginning tization: $$5$ million per year$)$

ons at January $1,2024($previous losses exceeded previous

$$38$mill

ing service life of the active employee group

ount rate

$$55$milli

$10$ years

$8\%$

$\backslash$table$[[,\backslash$table$[[$PBO$],[$$$350]],,\backslash$table$[[$Plan$],[$Assets$]]],[24,$$$350,$Beginning of $2024,],[\backslash$table$[[8\%],[$PBO$],[$enefits$]],\backslash$table$[[\backslash$table$[[28],[(25)],[(25)]]]],\backslash$table$[[$Returnonplanassets$,7\mathrm{.}5],[$expected$)],[$Cashcontributions$],[$Less:Retireebenefits$]],\backslash$table$[[\backslash$table$[[12],[53],[(25)]]]]],[,$$$400,$End of $2024,$$$200]]$

ing actuary and trustee reports indicating changes in the PBO and plan assets of Lakeside