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The Kollar Company has a defined benefit pension plan. Pension information concerning the fiscal years 2024 and 2025 are presented below (S in millions): Information Provided by Pension Plan Actuary: a. Projected benefit obligotion as of December 31,2023=$2,450 b. Prior service cost from plan amendment on January 2, 2024=$750 (straight-line amortization for 10 -year average remaining service period). c. Service cost for 2024=$590, d. Service cost for 2025=$640. e. Discount rate used by actuary on projected benefi obligation for 2024 and 2025=10%. 1. Payments to retirees in 2024=$450. 9. Payments to retirees in 2025=$520. h. No changes in actuarial assumptions or estimates. 1. Net gain-AOCl on January 1,2024=$265. 1. Net gains and losses are amortized for 10 years in 2024 and 2025 . Information Provided by Pension Fund Trustee: a. Plan asset balance at fair value on January 1, 2024=$1.800 b. 2024 contributions =$610. c. 2025 contributions =$660. d. Expected long-term rate of return on plan assets =12%. e. 2024 actual retum on plan assets =$160. f. 2025 actual return on plan assets =$210. Required: 1. Calculate pension expense for 2024 and 2025 . 2. Prepare the journal entries for 2024 and 2025 to record pension expense. 3. Prepare the journal entries for 2024 and 2025 to record any gains and losses and new prior service cost. 4. Prepare the journal entries for 2024 and 2025 to record (o) the cash contribution to plan assets and (b) the benefit payments to retrees. Information Provided by Pension Fund Trustee: a. Plan asset balance at fair value on January 1,2024=$1,800. b. 2024 contributions =$610. c. 2025 contributions =$660. d. Expected long-term rate of return on plan assets =12%. e. 2024 actual return on plan assets =$160. f. 2025 actual return on plan assets =$210. Required: 1. Calculate pension expense for 2024 and 2025. 2. Prepare the journal entries for 2024 and 2025 to record pension expense. 3. Prepare the journal entries for 2024 and 2025 to record any gains and losses and new prior service cost. 4. Prepare the journal entries for 2024 and 2025 to record (a) the cash contribution to plan assets and (b) the benefit pa retirees. Complete this question by entering your answers in the tabs below. Calculate pension expense for 2024 and 2025. Note: Amounts to be deducted should be indicated with a minus sign. Do not round intermediate calculations. Enter your answers in millions rounded to 1 decimal place (i.e., 5,500,000 should be entered as 5.5 ). Complete this question by entering your answers in the tabs below. Prepare the journal entries for 2024 and 2025 to record pension expense. Note: Do not round intermediate calculations. If no entry is required for a transaction/event, select "No journal entry requ first account field. Enter your answers in millions rounded to 1 decimal place (i.e., 5,500,000 should be entered as 5.5). Journal entry worksheet Note: enter debits before credits. 4. Prepare the journal entries for 2024 and 2025 to record (a) the cash contribution to plan assets and (b) the benefit payments to retirees. Complete this question by entering your answers in the tabs below. Prepare the journal entries for 2024 and 2025 to record any gains and losses and new prior service cost. Note: Do not round intermediate calculations. 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 (1.e., 5,500,000 should be entered as 5.5). Journal entry worksheet Prepare the journal entries for 2024 and 2025 to record (a) the cash contribution to plan assets and (b) the benefit payments to retirees. Complete this question by entering your answers in the tabs below. Prepare the joumal entries for 2024 and 2025 to record (a) the cash contribution to plan assets and (b) the benefit payments 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, (i.e., 10,000,000 should be entered as 10), Journal entry worksheet Record the cash contribution to plan assets. Note: Enter debits before credis. Sachs Brands's defined benefit pension plan spocifies annual retirement benefits equal to 12%5ervice years final year's salary, payable at the end of each yeat. Angela Dovenport was hired by Sachs at the beginning of 2010 and is expected to retire at the end of 2044 after 35 years' service. Her retirement is expected to span 18 years. Davenport's salary is $95,000 at the end of 2024 and the comparry's actuary projects her salary to be $305,000 at retirement. The actuary's discount rato is 9%. Note: Use tables, Excel, or a financial calculator. (FV of S1. PV of S1. EVA of S1, PVA of S1, FVAD of S1 and PVAD of S1) Required: 1. What is the company's projocted benefit obligation at the beginning of 2024 (after 14 years' service) with respect to Davenport? Note: Do not round intermediate calculations. Round your final answer to the nearest whole dollar. 2. Estimate by the projected benefits approach the portion of Davenport's annual retirement payments attributable to 2024 service. 3. What is the company/s service cost for 2024 with respect to Davenport? Note: Do not round intermediate calculations. Round your final answer to the nearest whole dollar. 4. What is the compomy's interest cost for 2024 with respect to Davenport? Notes Do not round intermediate calculations. Round your final answer to the nearest whole dollar. 5. Combine your answers to requirements 1, 3, and 4 to determine the company's projected benefit obligation at the end of 2024 (after 15 years' service) with respect to Davenport. Note: Do not round intermediate calculations. Round your final answer to the nearest whole dollar