Question: Please answer in correct journal entry format Electronic Distribution has a defined benefit pension plan. Characteristics of the plan during 2024 are as follows: The

Please answer in correct journal entry format  Please answer in correct journal entry format Electronic Distribution has a
defined benefit pension plan. Characteristics of the plan during 2024 are as

Electronic Distribution has a defined benefit pension plan. Characteristics of the plan during 2024 are as follows: The expected long-term rate of return on plan assets was 8%. There were no AOCI balances related to pensions on January 1,2024, but at the end of 2024 , the company amended the pension formula, creating a prior service cost of $13 million. 1 Record the pension expense. 2 Record gain or loss on PBO. 3 Record gain or loss on plan assets. 4 Record the prior service cost. 5 Record the funding. 6 Record the payment of benefits

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