Carolina Consulting Company has a defined benefit pension plan. The following pension-related data were avail $ 248,000 49,000 12,400 (5,800 (28,000) $275,600 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 $23,300) Contributions Benefits paid Balance, Dec. 31 ABO, Dec. 31 January 1, 2021, balances: Prior service cost-AOCI (amortization $4,680/yr.) Net gain-AOCI (amortization, if any, over 15 years) $ 258,000 20,ese 43,000 (28,000) $ 293, een $ 253,800 4,680 46,800 There were no other relevant data. Required: 1. Calculate the 2021 pension expense. Show your computations to receive credit. 2. Prepare the 2021 journal entries to record pension expense and funding