Burrito Corporation has a defined benefit pension plan. Burrito received the following information for the current calendar year: $148,000,000 24,000,000 17,760,000 (11,000,000) $178,760,000 Projected benefit obligation Balance, January 1 Service cost Interest cost Benefits paid Balance, December 31 Plan assets Balance, January 1 Actual return on plan assets Contribution Benefits paid Balance, December 31 $ 89,000,000 12,680,000 22,000,000 (11,000,000) $112,680,000 The expected long-term return on plan assets is 12%. There were no other relevant data for the year. Required: 1. Determine Burrito's pension expense for the year 2. Prepare the journal entries to record the pension expense and funding for the year. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Determine Burrito's pension expense for the year. (Enter your answers in millions rounded to 2 decimal places. Amounts to be deducted should be indicated with a minus sign.) Pension Exponse ($ in millions) Pension expense $ 0.00 Required 2 > 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 Prepare the journal entries to record the pension expense and funding for the year. (If no entry is required for a transaction/event, select "No journal entry required in the first account field. Enter your answers in millions rounded to 2 decimal places.) View transaction list Journal entry worksheet 2 Record the pension expense for the year. Notar inter debits before credits Transaction General Journal Debit Credit 1 Record entry Clear entry View general Journal 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 Prepare the journal entries to record the pension expense and funding for the year. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions rounded to 2 decimal places.) View transaction list Journal entry worksheet