O Required Information Problem 17-16 Comprehensive-reporting a pension plan; pension spreadsheet; determine changes in balances; two years [LO17-3, 17-4, 17-5, 17-6, 17-7, 17-8) (The following information applies to the questions displayed below.) Actuary and trustee reports indicate the following changes in the PBO and plan assets of Lakeside Cable during 2018: Prior service cost at Jan. 1. 2018, from plan amendment at the beginning of 2016 (amortization: $4 million per year) Net logs-pensions at Jan.1, 2018 (previous losges exceeded previous gains) Average remaining service life of the active employee group Actuary's discount rate $32 million $40 million 10 year 88 ($ in millions) PBO Plan Assets $200 Beginning of 2018 Service cost $300 48 Beginning of 2018 Interest cost, 88 Loss (gain) on PDO Less: Retiree benefits End of 2018 24 (2) (20) $350 Return on plan assets, 7.58 (10% expected) Cash contributions Less: Retiree benefits End of 2016 15 45 (20) $240 Problem 17-16 Part 1 Required: 1-a. Determine Lakeside's pension expense for 2018. (Enter your answers in millions (1.e., 10,000,000 should be entered as 10).) Pension expense 2018 million 1-b. Prepare the appropriate journal entries to record the expense as well as the cash contribution to plan assets and payment of benefits to retirees. (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).) View transaction list Journal entry worksheet