P 17-16 Comprehensive-reporting a pension plan; pension spreadsheet; financial statement effects; two years LO17-3 through [ LO17-8 Actuary and trustee reports indicate the following changes in the PBO and plan assets of Lakeside Cable during 2024: Prior service cost at Jan. 1, 2024, from plan amendment at the beginning of $32 2022 (amortization: $4 million per year) million Net loss-pensions at Jan.1, 2024 (previous losses exceeded previous gains) $40 million Average remaining service life of the active employee group 10 years Actuary's discount rate 8% 1. Determine Lakeside's pension expense for 2024, and prepare the appropriate journal entries to record the expense as well as the cash contribution to plan assets and payment of benefits to retirees. 2. Determine the new gains and/or losses in 2024 and prepare the appropriate journal entry(s) to record them. 3. Prepare a pension spreadsheet to assist you in determining end of 2024 balances in the PBO, plan assets, prior service cost-AOCI, the net loss-AOCI, and the pension liability. 4. Assume the following actuary and trustee reports indicating changes in the PBO and plan assets of Lakeside Cable during 2025 ( $ in millions): Determine Lakeside's pension expense for 2025, and prepare the appropriate journal entries to record the expense, the cash funding of plan assets, and payment of benefits to retirees. 5. Determine the new gains and/or losses in 2025 , and prepare the appropriate journal entry(s) to record them. 6. Using T-accounts, determine the balances at December 31,2025 , in the net loss-AOCl and prior service cost-AOCI. 7. Confirm the balances determined in requirement 6 by preparing a pension spreadsheet