Problem 17-16 Comprehensive-reporting a pension plan; pension spreadsheet; determine changes in balances; two years [LO17-3, 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 2018: Prior service cost at Jan. 1. 2018, from plan amendment at the beginning of 2016 (amortization: $4 million per year) Net loss-pensions at Jan 1, 2018 (previous losses exceeded previous gains) Average remaining service life of the active employee group Actuary's discount rate $32 million $40 million 10 year ($ in millions) Plan Assets $200 PBO $300 48 Beginning of 2018 Service cost Beginning of 2018 Interest cost, 88 Loss (gain) on PBO Less: Retiree benefits End of 2018 24 (2) (20) $350 Return on plan assets, 7.5% (10% expected) Cash contributions Less: Retiree benefits End of 2018 15 45 (20) $240 Problem 17-16 Part 5 5. Determine the new gains and/or losses in 2019 and prepare the appropriate journal entry(s) to record them. (If 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 Record the losses