Abbott and Abbott has a noncontributory, defined benefit pension plan. At December 31, 2018, Abbott and Abbott received the following information:

Projected Benefit Obligation	($ in millions)
Balance, January 1		$	125
Service cost			37
Interest cost			15
Benefits paid			(11	)
Balance, December 31		$	166

Plan Assets
Balance, January 1		$	100
Actual return on plan assets			14
Contributions 2018			37
Benefits paid			(11	)
Balance, December 31		$	140

The expected long-term rate of return on plan assets was 12%. There was no prior service cost and a negligible net lossAOCI on January 1, 2018. Required: 1. Determine Abbott and Abbotts pension expense for 2018. 2. Prepare the journal entries to record Abbott and Abbotts pension expense, funding, and payment for 2018.