3 Pension data for Barry Financial Services Inc. include the following: 10 points ($ in thousands) Skipped $ 510 Discount rate, 6% Expected return on plan assets, 9% Actual return on plan assets, 8% Service cost, 2021 January 1, 2021: Projected benefit obligation Accumulated benefit obligation Plan assets (fair value) Prior service cost-AOCI (2021 amortization, $35) Net gain-AOCI (2021 amortization, $14) There were no changes in actuarial assumptions. December 31, 2021: Cash contributions to pension fund, December 31, 2021 Benefit payments to retirees, December 31, 2021 3,300 3,000 3,400 425 530 445 470 Required: 1. Determine pension expense for 2021. 2. Prepare the journal entries to record (a) pension expense, (b) gains and losses (if any), (c) funding, and (d) retiree benefits for 2021. 3 2. Prepare the journal entries to record (a) pension expense, (b) gains and losses (if any), (c) funding, and (d) retiree benefits for 2021. X Answer is not complete. 10 points Complete this question by entering your answers in the tabs below. Skipped Required 1 Required 2 Determine pension expense for 2021. (Amounts to be deducted should be indicated with a minus sign. Enter your answers in thousands rounded to 1 decimal place (i.e., 5,500 should be entered as 5.5).) Pension Expense Pension expense $ 0.0 3 View transaction list 10 points Journal entry worksheet A B Skipped > C D Record the pension expense. eBook Hint Print Note: Enter debits before credits. References Transaction General Journal Debit Credit A Record entry Clear entry View general journal