neducation.com tion Complete Reg.. Saved Registra. Confirmation My Travel Itine.. Solved: Pensio. Built Problems Saved Abbott and Abbott has a noncontributory, defined benefit pension plan. At December 31, 2018, Abbott an following information: Projected Benefit Obligation Balance, January 1 ($ in millions) $125 25 Service cost Interest cost 10 Benefits paid (8) Balance, December 31 $152 Plan Assets Balance, January 1 Actual return on plan assets $ 75 8 Contributions 2018 25 Benefits paid (8 $100 Balance, December 31 The expected long-term rate of return on plan assets was 8%. There was no prior service cost and a negligible January 1, 2018 Required: 1. Determine Abbott and Abbott's pension expense for 2018. 2. Prepare the journal entries to record Abbott and Abbott's pension expense, funding, and payment for 2018 Complete this question by entering your answers in the tabs below. Required 2 Required 1 Determine Abbott and Abbott's pension expense for 2018. million Pension expense Next un 0o un