Abbott and Abbott has a noncontributory, defined benefit pension plan. At December 31, 2018, Abbott and Abbott received the following information:

Projected Benefit Obligation	($ in millions)
Balance, January 1		$	100
Service cost			21
Interest cost			10
Benefits paid			(10	)
Balance, December 31		$	121

Plan Assets
Balance, January 1		$	80
Actual return on plan assets			10
Contributions 2018			21
Benefits paid			(10	)
Balance, December 31		$	101

The expected long-term rate of return on plan assets was 10%. There was no prior service cost and a negligible net lossAOCI on January 1, 2018. Required: 1. Determine Abbott and Abbotts pension expense for 2018. 2. Prepare the journal entries to record Abbott and Abbotts pension expense, funding, and payment for 2018.

Complete this question by entering your answers in the tabs below.

• Required 1
• Required 2

Prepare the journal entries to record Abbott and Abbotts pension expense, funding, and payment for 2018. (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).)

No	Event	General Journal	Debit	Credit
1	1	Plan assets	not attempted	not attempted
		Pension expense	not attempted	not attempted
		PBO		31
2	2	Plan assets	21
		Cash		21
3	3	PBO	10
		Plan assets		10