Lacy Construction has a noncontributory, defined benefit pension plan. At December 31, 2021, Lacy received the following information:

Projected Benefit Obligation	($ in millions)
Balance, January 1		$	1,120
Service cost			90
Prior service cost			42
Interest cost(5.0%)			56
Benefits paid			(80	)
Balance, December 31		$	1,228

Plan Assets	($ in millions)
Balance, January 1		$	530
Actual return on plan assets			56
Contributions 2021			90
Benefits paid			(80	)
Balance, December 31		$	596

The expected long-term rate of return on plan assets was 10%. There were no AOCI balances related to pensions on January 1, 2021. At the end of 2021, Lacy amended the pension formula creating a prior service cost of $42 million. Required: 1. Determine Lacy's pension expense for 2021. 2. Prepare the journal entry(s) to record Lacys (a) pension expense, (b) gains or losses, (c) prior service cost, (d) funding, and (e) payment of retiree benefits for 2021.