Preparing journal entry for health care plan. An automobile manufacturer reports the following information related to its health care plan for 2008 (amounts in millions). Health Care Plan Assets,...

Preparing journal entry for health care plan. An automobile manufacturer reports the following information related to its health care plan for 2008 (amounts in millions). Health Care Plan Assets, Beginning of 2008 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 6,497 Plus Actual Return on Investments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 510 Plus Employer Contribution . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0 Less Benefits Paid . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (1,547) Health Care Plan Assets, End of 2008 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 5,460 Health Care Plan Liability, Beginning of 2008 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $39,274 Plus Service Cost . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 617 Plus Interest Cost . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,004 Less Actuarial Gain . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (9,485) Less Benefits Paid . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (1,547) Health Care Plan Liability, End of 2008 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $30,863 Service Cost . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 617 Interest Cost . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,004 Expected Return on Health Care Plan Investments. . . . . . . . . . . . . . . . . . . . . . . . . . . (479) Amortization of Actuarial Losses. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 41 Net Health Care Benefits Expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 2,183 Give a single journal entry for the automobile manufacturer to recognize health care benefits expense, the health care plan contribution, and the change in the net health care benefits asset or net health care benefits liability for 2008. Be sure to consider needed entries in Other Comprehensive Income, supporting the entry in this account with amounts from the preceding disclosures. Ignore income taxes.