Lacy Construction has a noncontributory, defined benefit pension plan. At December 31, 2021. Locy received the following information Projected Benefit obligation in illions) Balance, January 1 $1,200 Service cost 96 Prior service cost 50 Interest cost(5.8) 64 Benefits bald (95) Balance, December 31 $1,396 (5 in millions) 5 610 Belance, January 1 Actual return on plan assets Contributions 2021 Benetits paid Balance, December 31 (96) 5674 The expected long-term rate of return on pian assets was 10% There were no AOCI balances related to pensions on January 1, 2021. At the end of 2021. Locy omended the pension formula creating a prior service cost of $50 million Required: Determine Tocy's pension expense for 2021 2. Presere the jouma entry to record Locy's (0) Dension expense. (b) gains or losses, to prior service cost. (ofunding and te) Doyment of retiree benefits for 2021 Complete this question by entering your answers in the tabs below