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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: Projected Benefit Obligation Balance, January 1, 2021 Service cost Interest cost, discount rate, 5x Gain due to changes in actuarial assumptions in 2021 Pension benefits paid Balance, December 31, 2021 ($ in millions) $ 640 66 32 (16) (32) $ 690 ($ in millions) $ 688 42 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 $4 per year) Net gain-AOCI (any amortization over 12 years) ($ 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.) Prior Net Plan Assets Service Cost-AOCI Pension Expense Net Pension (Liability) Asset PBO Gain-AOCI Cash (S 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

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