Abbott and Abbott has a noncontributory, defined benent pension plan, At December 31, 2021, Abbott and Abbott recelved the following intormetion: The expected iong-term rate of feturn on plan assets was 10%. There was no prior service cost and a negligible net loss-AOCl or January 1, 2021 Required: 1. Determine Abbott ond Abbotts pension expense for 2021 , 2. Prepore the joutnal entries to record Abbott and Abbott's (a) pension expense, (b) funding, and (c) payment for 2021 . The expected long-tem rate of return on plan assets was 10%. There was no prior service cost and a negligible net loss-AOCl or January 1, 2021. Required: 1. Determine Abbott and Abbott's pension expense for 2021 . 2. Prepare the joumal entries to record Abbott and Abbott's (a) pension expense, (b) funding, and (c) payment for 2021. Complete this question by entering your answers In the tabs below. Determine Abbott and Abbott's pension expense for 2021. Journal entry worksheet Note: Enter debits before credits. Journal entry worksheet Noter Enter dehits before credits. Journal entry worksheet Nater Enter debits before credits