E 17-11 Components of pension expense; journal entries Pension data for Barry Financial Services Inc. include the following (5 in thousands) Discount rate, 7% Expected return on plan assets, 10% Actual return on plan assets, 9% Service cost, 2021 5 310 January 1, 2021: Projected benefit obligation 2.300 Accumulated benefit obligation 2,000 Plan assets (fair value) 2.400 Prior service cost AOCI (2021 amortization, S25) 325 Net gain-AOCI (2021 amortization, 56) There were no changes in actuarial assumptions December 31, 2021: Cash contributions to pension fund, December 31, 2021 245 Benefit payments to retirees, December 31, 2021 270 Required: 1. Determine pension expense for 2021. 2. Prepare the journal entries to record (a) pension expense, (b) gains and losses (if any). (c) funding and (d) retiree benefits for 2021. 330