A company has a noncontributory, defined benefit pension plan. At December 31 of the current year, the company received the following information: Projected Benefit Obligation ($ in millions) Balance, January 1 $ 100 Service cost Interest cost Benefits paid 27 11 (10) Balance, December 31 $ 128 Plan Assets Balance, January 1 Actual return on plan assets Contributions current year Benefits paid Balance, December 31 $ 100 13 27 (10) $ 130. The expected long-term rate of return on plan assets was 8%. There was no prior service cost and a negligible net lossAOCI on January 1 of the current year. Required: Determine the company's pension expense for the current year. Prepare the journal entries to record the company's (a) pension expense, (b) funding, and (c) payment for the current year.