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 $ 160 service cost 24 interest cost 16 benefits paid (11 ) balance, december 31 $ 189 plan assets balance, january 1 $ 80 actual return on plan assets 11 contributions 2018 24 benefits paid (11 ) balance, december 31 $ 104 the expected long-term rate of return on plan assets was 10%. 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.