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3.00 points Exercise 17-11 Components of pension expense: journal entries [L017-6,17-71 Pension data for Barry Financial Services Inc. include the following (sin 00 Discount rate,

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3.00 points Exercise 17-11 Components of pension expense: journal entries [L017-6,17-71 Pension data for Barry Financial Services Inc. include the following (sin 00 Discount rate, 6% Expected return on plan assets, 9% Actual return on plan assets, 8% Service cost, 2016 January 1, 2016: Projected benefit obligation Accumulated benefit obligation Plan assets (fair value) Prior service cost-AOCI (2016 amortization, $35) Net gain-AOCI (2016 amortization, $14) There were no changes in actuarial assumptions December 31, 2016 Cash contributions to pension fund, December 31,2016445 Benefit payments to retirees, December 31, 2016 $ 510 3,300 3,000 3,400 425 530 470 5,500 For all requirements enter your answers in thousands rounded to 1 decimal place (i should be entered as 5.5).) Required: 1. Determine pension expense for 2016. (Amounts to be deducted should be indicated with a minus sign.) Pension Expense Service cost Interest cost Expected return on assets Amortization of prior service cost S510.0 198.0 (306.0 35.0 Fl F2 0

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