Exercise $17-16($Static$)$ Determine and record pension expense and gains and losses; funding and retiree benefits $[$LO$17-6,17-7]$

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

Required:

$1-$a$.$ Determine Mahomes's pension expense for $2024.$

$1-$b$,2.$ to $4.$ Prepare the appropriate journal entries to record the pension expense, to record any $2024$ gains and losses, to record the cash contribution to plan assets and to record retiree benefits.

Answer is not complete.

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

Req $1$A

Req $1$ B and $2$ to $4$

Prepare the appropriate journal entries to record the pension expense, to record any $2024$ gains and losses, to record the cash contribution to plan assets and to record retiree benefits.

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 $10).$

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