Abbott and Abbott has a noncontributory, defined benefit pension plan. At December 31, 2024, Abbott and Abbott recelved the following information: Projected Benefit Obligation Balance, January 1 Service cost ($inmillions)$130 38 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: 1. Determine Abbott and Abbott's pension expense for 2024 . 2. 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 ). Abbott and Abbott has a noncontributory, defined benefit pension plan. At December 31, 2024, Abbott and Abbott received the following informetion: The expected long-term rate of return on plan assets was 10%. There wos no prior service cost and a negligible net loss-AOCl on Jenuary 1, 2024 Required: 1. Determine Abbott and Abbott's pension expense for 2024. 2. Prepore the joumsl 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. Prepare the journal entries to record Abbott and Abbott's (a) pension expense, (b) funding, and (c) payment for 2024. Note: If no entry is required for a transaction/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 ). Journal entry worksheet 3 Mote: Enter debits befure credits