Abbott and Abbott has a noncontributory, defined benefit pension plan. At December 31, 2016, Abbott and Abbott received the following information:

	($ in millions)
Projected Benefit Obligation
Balance, January 1	$	125
Service cost		25
Interest cost		10
Benefits paid		(8	)
Balance, December 31	$	152
Plan Assets
Balance, January 1	$	75
Actual return on plan assets		8
Contributions 2016		25
Benefits paid		(8	)
Balance, December 31	$	100

Abbott and Abbott has a noncontributory, defined benefit pension plan. At December 31, 2016, Abbott and Abbott received the following information (S in millions) Projected Benefit Obligation $125 25 Balance, January 1 Service cost Interest cost Benefits paid Balance, December 31 $152 Plan Assets Balance, January 1 Actual return on plan assets Contributions 2016 Benefits paid $ 75 8 25 Balance, December 31 $100 The expected long-term rate of return on plan assets was 8%. There was no prior service cost and a negligible net loss-AOCI on January 1, 2016 Required 1. Determine Abbott and Abbott's pension expense for 2016 Pension expense S 27 million 2. Prepare the journal entries to record Abbott and Abbott's pension expense, funding, and payment for 2016. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions (i.e., 10,000,000 should be entered as 10).)