Pensicola Products has a defined contribution pension plan for its employees The plan requires the company to contribute 20% of these employees' salanes to the pension For the current year, total salary for employees covered by the pension plan totalled $70 million, of which 70% is attributable to employees involved in manufacturing while the remaining 30% of salaries relate to administrative staff The company contributed $12 million to the pension during the year Requirement Provide the summary journal entry for Pensicola's pension plan for the year (Enter amounts in dollars, not millions. Record debits first, then credits. Explanations are not required) Date Accounts Debit Credit