On December 31, 2018, the following pension-related data were available for Atlantic Industries' noncontributory, defined benefit pension plan: Projected Benefit Obligation (in millions) Balance, Jan. 1, 2018 $960 Service cost 164 Interest cost, discount rate, 5% 48 Gain due to actuarial changes in assumptions (20) Pension benefits paid (80) Balance, De. 31, 2018 $1,072 Plan Asset Balance, Jan. 1, 2018 $1,000 Actual return on plan assets 80 (Expected return on plan assets, $90) Cash contributions 140 Pension Benefits Paid (80) Balance, De. 31, 2018 $1,140 Jan. 1, 2018, Balances: Prior Service Cost (amortization $16 per year) $96 Net gain (any amortization over 15 years) 160 Requirements 1) Determine the pension expense 2) Prepare the 2018 journal entry to record pension expense