Question: I need help with problems #6 and #7 Complete Ch 1 Part1of7 3.57 points eBook Print Refe rences .17 Problems 0 Actuary's discount rate ($

I need help with problems #6 and #7

I need help with problems #6 and #7 Complete Ch 1I need help with problems #6 and #7 Complete Ch 1I need help with problems #6 and #7 Complete Ch 1
Complete Ch 1 Part1of7 3.57 points eBook Print Refe rences .17 Problems 0 Actuary's discount rate ($ in millions) Beginning of 2021 Service cost Interest cost, 8% Loss (gain) on PBO Less: Retiree benefits End of 2021 2022: ($ in millions) Beginning of 2022 Service cost Interest cost, 8% Loss (gain) on PBO Less: Retiree benefits End of 2022 PBO $550 68 44 (3) (59) $600 PBO $600 58 48 (36) $675 Saved Actuary and trustee reports indicate the following changes in the PBO and plan assets of Lakeside Cable during 2021: Prior service cost at Jan. 1, 2021, from plan amendment at the beginning of 2019 (amortization: $7 million per year) Net losspensions at Jan.1, 2021 (previous losses exceeded previous gains) Average remaining service life of the active employee group $52 million $65 million 10 years 8% Plan Assets Beginning of 2021 $400 Return on plan assets, 7.5% (10% expected) 30 Cash contributions 79 Less: Retiree benefits (59) End of 2021 $450 Assume the following actuary and trustee reports indicating changes in the PBO and plan assets of Lakeside Cable during Plan Assets Beginning of 2022 $450 Return on plan assets, 18% (10% expected) 81 Cash contributions 50 Less: Retiree benefits (36) End of 2022 $545 Hem SE Complete Ch. 17 Problems i Saved Help 6 LESS. ACLLICE UCHICILLO LOSS. ACLLICE UCHICILLO End of 2022 $675 End of 2022 $545 Part 6 of 7 Problem 17-16 (Algo) Part 6 3.57 6. Using T-accounts, determine the balances at December 31, 2022, in the net loss-AOCI and prior service cost-AOCI. (Enter your points answers in millions rounded to 1 decimal place (i.e., 5,500,000 should be entered as 5.5).) Skipped Net Loss-AOCI Bal. Jan. 1 eBook Print References Bal. Dec. 31 Prior Service Cost-AOCI Bal. Jan. 1 Bal. Dec. 31Complete Ch. 17 Problems 0 7 Part7of7 3.58 points Skipped eBook Print References l Problem 17-16 (Algo) Part 7 Saved Help 7. Prepare a pension spreadsheet to assist you in determining end of 2022 balances in the P80, plan assets, prior service costAOCI, the net lossACCI, and the pension liability. (Enter your answers in millions rounded to 1 decimal place (i.e., 5,500,000 should be entered as 5.5). Enter credit amounts with a minus sign and debit amounts with a positive sign.) Ba|., Jan. 1, 2022 Service cost Interest cost, 8% Expected return on assets Gain on assets Amortization of: Prior service costAOCI Net lossAOCI Loss on PBO Cash contributions Retiree benets Bal., Dec. 31. 2022 0.0 0.0 0.0 0.0 0.0 0.0 Save 8. Exit Submit Check my work

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