Carolina Consulting Company has a defined benefit pension plan. The following pension-related data were available for the current calendar year: $239,000 40,000 11,950 (4,900) (19,000) $ 267,050 PBO: Balance, Jan. 1 Service cost Interest cost (5% discount rate) Gain from changes in actuarial assumptions in 2021 Benefits paid to retirees Balance, Dec. 31 Plan assets: Balance, Jan. 1 Actual return (expected return was $22,400) Contributions Benefits paid Balance, Dec. 31 ABO, Dec. 31 January 1, 2021, balances: Prior service cost-AOCI (amortization $4,815/yr.) Net gain-AOCI (amortization, if any, over 15 years) $249,000 20,000 34,000 (19,000) $ 284,000 $243,900 4,815 48,150 There were no other relevant data. Required: 1. Calculate the 2021 pension expense. 2. Prepare the 2021 journal entries to record pension expense and funding. 3. Prepare any journal entries to record any 2021 gains or losses