Abbott and Abbott has a noncontributory, defined benefit pension plan. At December 31, 2021, Abbott and Abbott received the following information:

Projected Benefit Obligation	($ in millions)
Balance, January 1		$	125
Service cost			39
Interest cost			10
Benefits paid			(8	)
Balance, December 31		$	166

Plan Assets
Balance, January 1		$	75
Actual return on plan assets			8
Contributions 2021			39
Benefits paid			(8	)
Balance, December 31		$	114

The expected long-term rate of return on plan assets was 8%. There was no prior service cost and a negligible net lossAOCI on January 1, 2021. Required: 1. Determine Abbott and Abbotts pension expense for 2021. 2. Prepare the journal entries to record Abbott and Abbotts (a) pension expense, (b) funding, and (c) payment for 2021.