*PLEASE ANSWER ALL PARTS AND SHOW WORK*

Abbott and Abbott has a noncontributory, defined benefit pension plan. At December 31, 2018, Abbott and Abbott received the following information: Projected Benefit Obligation Balance, January 1 (s in millions) $125 Service cost Interest cost Benefits paid 39 10 Balance, December 31 $166 Plan Assets Balance, January 1 Actual return on plan assets Contributions 2018 Benefits paid $ 75 39 $114 Balance, December 31 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, 2018 Required: 1. Determine Abbott and Abbott's pension expense for 2018. 2. Prepare the journal entries to record Abbott and Abbott's pension expense, funding, and payment for 2018