Question: This is what I have so far. I'm not sure if it's all correct. Please can I see the full correct answer. Thank you Beale

 This is what I have so far. I'm not sure ifit's all correct. Please can I see the full correct answer. Thank

This is what I have so far. I'm not sure if it's all correct. Please can I see the full correct answer. Thank you

Beale Management has a noncontributory, defined benefit pension plan. On December 31, 2021 (the end of Beale's fiscal year), the following pension-related data were available: ($ in millions) $ 640 66 Projected Benefit obligation Balance, January 1, 2021 Service cost Interest cost, discount rate, 5% Gain due to changes in actuarial assumptions in 2021 Pension benefits paid Balance, December 31, 2021 32 (16) ($ in millions) $ 680 Plan Assets Balance, January 1, 2021 Actual return on plan assets (Expected return on plan assets, $47) Cash contributions Pension benefits paid Balance, December 31, 2021 83 (32) $ 773 January 1, 2021, balances: Pension asset Prior service cost-AOCI (amortization $4 per year) Net gain-AOCI (any amortization over 10 years) ($ in millions) $ 40 20 118 Required: Prepare a pension spreadsheet to show the relationship among the PBO, plan assets, prior service cost, the net gain, pension expense, and the net pension asset. (Enter credit amounts with a minus sign and debit amounts with a positive sign. Enter your answers in millions.) Plan Assets $ 680 Prior Service Net Cost-AOCI Gain-AOCI $ 20 $ (118) Pension Expense Net Pension (Liability) Asset $ 40 Cash PBO $ 640 (66) (32) 66 (66) (32) 32 (20) 20 ($ in millions) Balance, Jan. 1, 2021 Service cost Interest cost, 5% Expected return on assets Adjust for: Loss on assets Amortization of: Prior service cost Net gain Gain on PBO Cash funding Retiree benefits Balance, Dec. 31, 2021 $ 542 $ 700 $ 20 $ (118) $ 78 $ (38)

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