Carolina Consulting Company has a defined benefit pension plan. The following pension-related data were available for the current calendar year:

PBO:
Balance, Jan. 1	$	248,000
Service cost		49,000
Interest cost (5% discount rate)		12,400
Gain from changes in actuarial assumptions in 2021		(5,800	)
Benefits paid to retirees		(28,000	)
Balance, Dec. 31	$	275,600
Plan assets:
Balance, Jan.1	$	258,000
Actual return (expected return was $23,300)		20,000
Contributions		43,000
Benefits paid		(28,000	)
Balance, Dec. 31	$	293,000
ABO, Dec. 31	$	253,800
January 1, 2021, balances:
Prior service costAOCI (amortization $4,680/yr.)		4,680
Net gainAOCI (amortization, if any, over 15 years)		46,800

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.

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