Prepare the journal entries to record Abbott and Abbott's (a) pension expense, (b) funding, and (c) payment for 2024. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your millions (i.e., 10,000,000 should be entered as 10). Journal entry worksheet Note: Enter debits before credits. The expected long-term rate of return on plan assets was 10%. There was no prior service cost and a negligible net loss- AOCl or January 1,2024. Required: 1. Determine Abbott and Abbott's pension expense for 2024. 2. Prepare the journal entries to record Abbott and Abbott's (a) pension expense, (b) funding, and (c) payment for 2024. Complete this question by entering your answers in the tabs below. Determine Abbott and Abbott's pension expense for 2024. Note: Amounts to be deducted should be indicated with a minus sign. Enter your answers in millions (1.e., 10,000,000 should be entered as 10 ). Abbott and Abbott has a noncontributory, defined benefit pension plan. At December 31, 2024, Abbott and Abbott received the following information: The expected long-term rate of return on plan assets was 10%. There was no prior service cost and a negligible net loss-AOCl January 1,2024. Required: 1. Determine Abbott and Abbott's pension expense for 2024. 2. Prepare the journal entries to record Abbott and Abbott's (a) pension expense, (b) funding, and (c) payment for 2024. Complete this question by entering your answers in the tabs below. Determine Abbott and Abbott's pension expense for 2024. Note: Amounts to be deducted should be indicated with a minus sign. Enter your answers in millions (i.e., 10,000,000 should be entered as 10 ). Journal entry worksheet Note: Enter debits before credits. millions (i.e., 10,000,000 should be entered as 10 ). Journal entry worksheet Note: Enter debits before credits