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Required: Determine Lakesides pension expense for 2024, and prepare the appropriate journal entries...

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Accounting

Required:
Determine Lakesides 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 costAOCI, the net lossAOCI, 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):
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