Exercise 17-11 Components of pension expense; journal entries [L017-6,17-7] Pension data for Barry Financial Services Inc. include the following: (s in 000s) Discount rate, 6% Expected return on plan assets, 9% Actual retum on plan assets, 8% Service cost, 2016 January 1, 2016 Projected benefit obligation Accumulated benefit obligation Plan assets (fair value) Prior service cost-AOCI (2016 amortization, $35) Net gain-AOCI (2016 amortization, $14) There were no changes in actuarial assumptions. December 31, 2016 $ 510 3,300 3,400 425 Cash contributions to pension fund, December 31, 2016445 Benefit payments to retirees, December 31, 2016 470 (For all requirements, enter your answers in thousands rounded to 1 decimal place (ie., 5,500 should be entered as 5.5)) Required 1. Determine pension expense for 2016. (Amounts to be deducted should be indicated with a minus sign.) Pension expense 2. Prepare the jounal entries to record pension expense, gains and losses (if any), funding, and retiree benefits for 2016. (l no entry is required for a transactionievent, select "No journal entry required" in the first account field.) esc FI OD FA