Please help.

(PDE Transcript.pdf X Connect X The expected long-term rate of r X Course Hero X X - O https://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Flearn.liberty.edu%252Fweba.. APerformance EMail Lu Liberty Home Bb Blackboard . College EMail in Linkedin i Indeed Thrift Savings Plan GGoogle Other favorites Chapter 17 i Saved Help Save & Exit Submit Check my work 7 Lacy Construction has a noncontributory, defined benefit pension plan. At December 31, 2021, Lacy received the following information: Projected Benefit Obligation ($ in millions) 2 Balance, January 1 $1, 080 points Service cost 88 Prior service cost 10 Interest cost (5.0%) 54 Benefits paid 76) eBook Balance, December 31 $1, 186 Hint Print Plan Assets ($ in millions) Balance, January 1 $ 510 Actual return on plan assets 53 Contributions 2021 88 Benefits paid (76) Balance, December 31 $ 575 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 $40 million. Required: 1. Determine Lacy's pension expense for 2021. 2. Prepare the journal entry(s) to record Lacy's (a) pension expense, (b) gains or losses, (c) prior service cost, (d) funding, and (e) payment of retiree benefits for 2021. Complete this question by entering your answers in the tabs below. Mc Graw Hill ducation Type here to search W 09:41 02/11/2020 E