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Beale Management has a noncontributory, defined benefit pension plan. On December 31, 2024 (the end...

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Beale Management has a noncontributory, defined benefit pension plan. On December 31, 2024 (the end of Beale's fiscal year), the following pension-related data were available: Required: 1. to 3. Prepare the journal entries required for the pension during 2024. 4. Determine the balances at December 31,2024 , in the net gain-AOCl, and prior service cost-AOCI. [Hint: You might find T-accounts useful.] 5. What amount will Beale report in its 2024 balance sheet as a net pension asset or net pension liablility for the funded status of the plan? Complete this question by entering your answers in the tabs below. Prepare the journal entries required for the pension during 2024. Note: If no entry is required for a transaction/event, select "No joumal entry required" in the first account field. Enter your answers in millions. (1.e., 10,000,000 should be entered as 10 )

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