Burrito Corporation has a defined benefit pension plan. Burrito received the following information for the current calendar year: Projected benefit obligation Balance, January 1 Service cost Interest cost Benefits paid Balance, December 31 $150,000,000 25,000,000 15,000,000 (12,000,000) $178,000,000 Plan assets Balance, January 1 Actual return on plan assets Contribution Benefits paid Balance, December 31 $ 90,000,000 11,000,000 23,000,000 (12,000,000) $112,000,000 The expected long-term return on plan assets is 10%. There were no other relevant data for the year. Required: 1. Determine Burrito's pension expense for the year. 2. Prepare the journal entries to record the pension expense and funding for the year. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Determine Burrito's pension expense for the year. (Enter your answers in millions. Amounts to be deducted should be indicated with a minus sign.) Pension Expense Service cost Interest cost Expected return Pension expense (S in millions) $ 25 15 (9) $ 31 Required 1 Required 2 > Required 1 Required 2 Prepare the journal entries to record the pension expense and funding for the year. (Enter your answers in millions. If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record the pension expense for the year. Note: Enter debits before credits. General Journal Debit Transaction 1 Credit Record entry Clear entry View general journal Required 1 Required 2 Prepare the journal entries to record the pension expense and funding for the year. (Enter your answers in millions. If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record funding for the year. Note: Enter debits before credits. General Journal Debit Credit Transaction 2 Record entry Clear entry View general journal