Check my work 9 Abbott and Abbott has a noncontributory, defined benefit pension plan At December 31, 2021. Abbott and Abbott received the following information 3150 Projected negation Balance awary 1 Service cost Interest Co Benefits paid Balance, December 31 illis 38 12 1164 Pants walance, January 1 Actual return plan assets Corbutions 2001 benefits pald ce December 31 5125 11 10 515 The expected long term rate of return on plan assets was 8. There was no pror service cost and a negligible netloss-AOC on January 1, 2021 Required: 1. Determine Abbott and Abbott's pension expense for 2021 2. Prepare the journal entries to record Abbott and Abbott's pension expense. (b) funding and payment for 2021 matathletimaal in the hall MC PY 9.12 Next >