abbott and abbott has a noncontributory defined benefit pension plan. at december $312024$ abbott and abbott received the following information. balance january $1,$ $$120$ service cost, $20,$ interest cost $12,$ benefits paid $9.$

balance january $180,$ actual return on assets $9,$ contributions $2024,20,$ benefits paid $9.$ Abbott and Abbott has a noncontributory, defined benefit pension plan. At December $31,2024,$ Abbott and Abbott received the

following information:

The expected long$-$term rate of return on plan assets was $10\%.$ There was no prior service cost and a negligible net loss$-$AOCl on

January $1,2024.$

Required:

Determine Abbott and Abbott's pension expense for $2024.$

Prepare the journal entries to record Abbott and Abbott's $($a$)$ pension expense, $($b$)$ funding, and $($c$)$ payment for $2024.$

Complete this question by entering your answers in the tabs below.

Determine Abbott and Abbott's pension expense for $2024.$

Note: Amounts to be deducted should be indicated with a minus sign. Enter your answers in millions $($i$.$e$.,10,000,000$ should

be entered as $10).$