Required:

Determine Lakeside$$s pension expense for $2024,$ and prepare the appropriate journal entries to record the expense as well as the cash contribution to plan assets and payment of benefits to retirees.

Determine the new gains and$/$or losses in $2024$ and prepare the appropriate journal entry$($s$)$ to record them.

Prepare a pension spreadsheet to assist you in determining end of $2024$ balances in the PBO, plan assets, prior service cost$$AOCI$,$ the net loss$$AOCI$,$ and the pension liability.

Assume the following actuary and trustee reports indicating changes in the PBO and plan assets of Lakeside Cable during $2025($$ in millions$)$: