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		$	1,200
Service cost			94
Prior service cost			46
Interest cost(5.0%)			60
Benefits paid			(88	)
Balance, December 31		$	1,312

Plan Assets	($ in millions)
Balance, January 1		$	570
Actual return on plan assets			58
Contributions 2021			94
Benefits paid			(88	)
Balance, December 31		$	634

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 $46 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.