Burrito Corporation has a defined benefit pension plan. Burrito received the following information for the current calendar year: Projected benefit obligation $147,000,000 23,500,000 11,760,000 10,500,000 $171,760,000 Balance, January 1 Service cost Interest cost Benefits paid Balance, December 31 Plan assets $ 88,500,000 9,080,000 21,500,000 Balance, January 1 Actual return on plan assets Contribution Benefits paid 10,500,000) $108,580,000 Balance, December 31 The expected long-term return on plan assets is 8%. There were no other relevant data for the year Required 1. Determine Burrito's pension expense for the year. 2. Prepare the journal entries to record the pension expense and funding for the year. Complete this question by entering your answers in the tabs below. Required1 Required 2 Determine Burrito's pension expense for the year. (Enter your answers in millions rounded to 2 decimal places. Amounts to be deducted should be indicated with a minus sign.) Pension Expense ($ in millions) The expected long-term return on plan assets is 8%. 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 1Required 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 Expense ($ in millions) Pension expense Required 1 Required 2> Journal entry worksheet Record the pension expense for the year. Note: Enter debits before credits Debit General Journal Credit Transaction View general journal Record entry Clear entry K Required 1 Required2 Journal entry worksheet Record the entry to note funding for the year. Note: Enter debits before credits. Transaction General Journal Debit Credit 2 201 Record entry Clear entry View general journal 20 Required 1 Required 2 20