Pension data for a company include the following:

	($ in thousands)
Discount rate, 7%
Expected return on plan assets, 10%
Actual return on plan assets, 9%
Service cost, current year	$ 340
January 1, current year:
Projected benefit obligation	2,450
Accumulated benefit obligation	2,150
Plan assets (fair value)	2,550
Prior service cost AOCI (current year amortization, $40)	340
Net gain AOCI (current year amortization, $6)	360
There were no changes in actuarial assumptions.
December 31, current year:
Cash contributions to pension fund, December 31, current year	275
Benefit payments to retirees, December 31, current year	300

Required:

1. Determine pension expense for the current year.
2. Prepare the journal entries to record (a) pension expense, (b) gains and losses (if any), (c) funding, and (d) retiree benefits for the current year.