Problem $17-16($Algo$)$ Comprehensive$-$reporting a pension plan; pension spreadsheet; financial

statement effects; two years $[$L$017-3,17-4,17-5,17-6,17-7,17-8]$

$[$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 $2024$:

Prior service cost at January $1,2024,$ from plan amendment at the beginning of

$2022($amortization: $$5$ million per year$)$

Net loss$-$pensions at January $1,2024($previous losses exceeded previous gains$)$

Average remaining service life of the active employee group

Actuary's discount rate

$$39$ million

$$47$ million

$10$ years

$10\%$

$($$ in millions$)$

Assume the following actuary and trustee reports indicating changes in the PBO and plan assets of Lakeside Cable during

$2025$:

$($$ in millions$)$

Problem $17-16($Algo$)$ Part $4$

$4-$a$.$ Determine Lakeside's pension expense for $2025.$

$4-$b$.$ Prepare the appropriate journal entries to record the expense, the cash funding of plan assets, and payment of benefits to

retirees.

Complete this question by entering your answers in the tabs below.

Prepare the appropriate journal entries to record the expense, the cash funding of plan assets, and payment of benefits to

retirees.

Note: If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field. Enter your

answers in millions rounded to $1$ decimal place $($i$.$e$.,5,500,000$ should be entered as $5\mathrm{.}5).$