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Abbott and Abbott has a noncontributory defined benefit pension plan At December 3 1 , 2 0 2 4 , Abbott and Abbott received the

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.
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