Abbott and Abbott has a noncontributory, defined benefit pension plan. At December 31, 2013, Abbott and Abbott received the following information:

($ in millions)

Projected Benefit Obligation

Balance, January 1

$

120

Service cost

20

Interest cost

12

Benefits paid

(9

)

Balance, December 31

$

143

Plan Assets

Balance, January 1

$

80

Actual return on plan assets

9

Contributions 2013

20

Benefits paid

(9

)

Balance, December 31

$

100

The expected long-term rate of return on plan assets was 10%. There was no prior service cost and a negligible net lossAOCI on January 1, 2013.

Required:

1.

Determine Abbott and Abbotts pension expense for 2013. (Enter your answer in millions.)

2.	Prepare the journal entries to record Abbott and Abbotts pension expense, funding, and payment for 2013. (If no entry is required for a particular event, select "No journal entry required" in the first account field. Enter your answers in millions (i.e., 10,000,000 should be entered as 10).)