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[The following informotion spplies to the questions displayed below] Actuary and trustee reports indicate the following changes in the PEO and plan assets of Lakeside Cable during 2024 ($ in miltions) Assume the following actuary and trustee reports indicating changes in the PBO and plan assets of Lakeside Cable during 2025: (S in mitions) 3. Preparea pension spreadsheet to assist you in determining end of 2024 balances in the PEO, plan assets prior service cost-AOCl. the net los- - AOCl, and the pension liabiify Note: Enter your answers in millions (i.e., 10,000,000 should be entered as 10). Enter credit amounts with a minus sign and debit amounts with o positive sign. 3. Prepare a pension spreadsheet to assist you in determining end of 2024 balances in the PBO, plan assets, prior service cost-AOCl, the net ioss-AOCl, and the pension ilabuity. Note: Enter your answers in millions (i.e., 10,000,000 should be entered as 10). Enter credit amounts with a minus sign and debit amounts with a positive sign. 4-a. Determine Lakeside's pension expense for 2025 . 4-b. Prepare the appropriate joumal entries to record the expense, the cash funding of plan assets, and payment of benefits to retirees: Complete this question by entering your answers in the tabs below. Determine Lakeside's pension expense for 2025. Note: Enter your answers in millons rounded to 1 decimal place (i.e., 5,500,000 should be entered as 5.5 ). 4.a. Determine Lakeside s pension expense for 2025 . 4.b. Prepare the appropriate joumal entries to record the expense, the cash funding of plan assets, and payment of benefits to retirees Complete this question by entering your answers in the tabs below. Prepare the appropriate journal entries to record the expense, the cash funding of plan assets, and payment of bencfits to retirees. Note: If no entry is required for a transaction/event, select "No journai entry required" in the first account field, Enter your answers in milions rounded to 1 decimal place (i.e, 5, 500,000 should be entered as 5.5 ). Required information [The following information applies to the questions displayed below] Actuary and trustee reports indicate the following changes in the PBO and plan assets of Lakeside Cable during 2024 Prion service cost at January 1 , 2024, from plan acendsent at the beginning of 2022 (anortization: 15 milision per year) Net loss-pensions at january 1,224 (previous losses exceeded previous gains) Averuge reseining service life of the active eeployee group Actuary's discount rate 543ellition550million10years78 (5in millions) Assume the following actuary and trustee reports indicating changes in the PBO and plan assets of Lakeside Cable during 2025 ($ in millions) Prepare a pension spreadsheet to assist you in determining end of 2024 baiances in the PBO, plan assets; prior service cost-AOCI. ie net loss- AOCl, and the pension liability. lote: Enter your answers in millions (t.e., 10,000,000 should be entered as 10). Enter credit amounts with a minus sign and debit mounts with a positive sign. 3. Prepare a pension spreadsheet to assist you in determining end of 2024 balances in the PBO, plan assets, Prior service cost-AOCI, the net loss-AOCl, and the pension liabitity. Note: Enter your answers in millions (i,e., 10,000,000 should be entered as 10 ). Enter credit amounts with a minus sign and debit amounts with a positive sign. Required information TThe following information applies to the questions displayed below] Actubry and trustee reports indicate the following changes in the PBO and plan astets of Lakeside Cable during 2024 Prier aervice cost at jafuary 2, 2e24, from plan amendeent it the becinning of 2022 (amortization: 55 million per year) net loss-pensions ot January 1, 2ez4 (previeus losses exceeded previous gaint) Average remining service 114 of the active esplojee growp Actury's discount rate 543million550million10years7x (s in millions) Assume the following actuary and trustee reports indicating changes in the PBO and plan assets of Lakeside Cable during 2025 (s in millions) 2-a, Determine Lakeside's pension expense for 2025 a-b. Prepore the approptiate journal entries to record the expense, the cash funding of plan assets, and payment of benefits to 4-a. Determine Lakeside's pension expense for 2025 4-b. Prepare the appropriate joumal entries to record the expense, the cash funding of plan assets, and payment of benefits to retirees; Complete this question by entering your answers in the tabs below. Determine Lakeside's pension expense for 2025 . Note: Enter your answers in malions rounded to 1 decimal place (0,e,5,500,000 should be entered as 5,5). Complete this question by entering your answers in the tabs below. Prepare the appropriate journal entries to record the expense, the cash funding of plan assets, and payment of benefits to retirees. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions rounded to 1 decimal place (i.e, 5,500,000 should be entered as 5.5 ), 1 Record the pension expense. 2 Record funding to plan assets. 3 Record the payment of benefit to retirees

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