Carolina Consulting Company has a defined benefit pension plan. The following pension-related data were available for the current calendar year $231,999 32,000 11,550 (4,100) (11,eee) $259,450 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 $21,600) Contributions Benefits paid Balance, Dec. 31 ABO, Dec. 31 January 1, 2021, balances: Prior service cost-AOCI (amortization $5,335/yr.) Met gain-AOCI (amortization, if any, over 15 years) 5241, eee 20, eee 26,000 (11, eee) $276,000 $235, 100 5,335 53,350 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. Required 1 Required 2 Required 3 Calculate the 2021 pension expense. (Amounts to be deducted should be indicated with a minus sign.) Pension Expense Pension expense Required Required 2 > Journal entry worksheet 1 2 > Record the pension expense for the year. Note: Enter debits before credits. General Journal Debit Credit Transaction 1 Record entry Clear entry View general journal Journal entry worksheet