Preparing journal entry for pension plan. An aerospace manufacturer reports the following information related to its only pension plan for 2008 (amount in millions). Give a single journal entry on the books of the aero soft manufacturing to recognize pension expense, the pension plan contribution, and the change in the net pension asset or net pension liability for 2008. Be sure to consider needed entries in Other Comprehensive Income, supporting the entry in this account with amounts from the disclosures above. Ignore incometaxes.
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