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On December 31, 2018, the following pension-related data were available for CPS Industries' noncontributory, defined benefit pension plan:
| Projected Benefit Obligation | ($ in millions) |
| Balance, January 1, 2018 | $960 |
| Service cost | 164 |
| Interest cost, discount rate, 5% | 48 |
| Gain due to changes in actuarial assumptions in 2018 | (20) |
| Pension benefits paid | (80) |
| Balance, December 31, 2018 | $1,072 |
| Plan Assets | |
| Balance, January 1, 2018 | $1,000 |
| Actual return on plan assets | 80 |
| (Expected return on plan assets, $90) | |
| Cash contributions | 140 |
| Pension benefits paid | (80) |
| Balance, December 31, 2018 | $1,140 |
| January 1, 2018, balances: | |
| Prior service cost (amortization $16 per year) | $96 |
| Net gain (any amortization over 15 years) | 160 |
Required:
1) Prepare the 2018 journal entry to record pension expense.
2) How will the statement of comprehensive income be affected by any 2018 gains and losses?
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