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Abbott and Abbott has a noncontributory, defined benefit pension plan. At December 31, 2021, Abbott and Abbott received the following information Projected benefit obligation (5

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Abbott and Abbott has a noncontributory, defined benefit pension plan. At December 31, 2021, Abbott and Abbott received the following information Projected benefit obligation (5 in ons Balance January 1 $120 Servicekost 20 Interest cost 12 Denetit pad Balance, December 31 $143 Plan Assets Balance January 1 Actual return on aset Contributions 2021 Benefits pald Balance, December 11 SO 9 20 19 $100 The expected long term rate of return on plan ascets wat 10% There was no prior service cost and a negligible net loss-AOCI on January 1, 2021 Required: Determino Abbontfor 2021 2. Prepare the journal anthan to record Abbott und Abbattu (o) pension expense, (b) funding, and (c) payment thr 2021. Complete this question by entering your answers in the tabs below. Required Required 2 Determine Abbott and Abbott's pension expense for 2021 Pansion expense milion Required 2 > Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare the journal entries to record Abbott and Abbott's (@) pension expense, (b) funding, and (c) payment for 2021. (IF no entry is required for a transaction/event, select "No journal entry required in the first account field. Enter your answers in millions (l 10.000.000 should be entered as 10).) View transactions Journal entry worksheet Complete this question by entering your answers in the tabs below. Required Required 2 Prepare the journal entries to record Abbott and Abbott's 6) pension expense, (b) funding, and (c) payment for 2021. (If no entry is required for a transaction/eventselect "No journal entry required" in the first account field. Enter your answers in millions (.e. 10.000.000 should be entered as 10) Vlow transaction Journal entry worksheet

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