E 17-10 Determine pension expense 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 milions) Balance, January 1 5120 Service cost 20 Interest cost 12 Benefits paid (9) Balance, December 31 $143 Plan Assets Balance, January 1 $ 80 Actual return on plan assets 9 Contributions 2021 20 Benefits paid (9) Balance, December 31 $100 The expected long-term rate of return on plan assets was 10%. There was no prior service cost and a negligible net loss- AOCI on January 1, 2021. Required: 1. Determine Abbott and Abbott's pension expense for 2021. 2. Prepare the journal entries to record Abbott and Abbott's (a) pension expense, (b) funding, and (c) payment for 2021