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Exercise 17-16 (Algo) Determine and record pension expense and gains and losses; funding and retiree benefits (LO17-6, 17-7] Actuary and trustee reports indicate the following changes in the PBO and plan assets of Douglas-Roberts Industries during 2021: Prior service cost at Jan. 1, 2021, from plan amendment at the beginning of 2018 (amortization: $5 million per year) Net loss-AOCI at Jan.1, 2021 (previous losses exceeded previous gains) Average remaining service life of the active employee group Actuary's discount rate $ 35 million $120 million 10 years 7% ($ in millions) PBO Beginning of 2021 Service cost $ 600 46 Plan Assets Beginning of 2021 Return on plan assets, 8% (10% expected) $ 400 32 Interest cost, 7% Loss (gain) on PBO Less: Retiree benefits End of 2021 42 (18) (28) $ 642 Cash contributions Less: Retiree benefits End of 2021 94 (28) $ 498 Required: 1-a. Determine Douglas-Roberts's pension expense for 2021. 1-b, 2. to 4. Prepare the appropriate journal entries to record the pension expense, to record any 2021 gains and losses, to record the cash contribution to plan assets and to record retiree benefits. Complete this question by entering your answers in the tabs below. Reg 1A Reg 1B and 2 to 4 Determine Douglas-Roberts's pension expense for 2021. (Amounts to be deducted should be indicated with a minus sign. Enter your answers in millions i.e., 10,000,000 should be entered as 10).) Pension Expense Service cost Pension expense Complete this question by entering your answers in the tabs below. Reg 1A Reg 1B and 2 to 4 Prepare the appropriate journal entries to record the pension expense, to record any 2021 gains and losses, to record the cash 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 Journal entry worksheet