Pension data for Barry Financial Services Inc. include the following ( in 000s) Discount rate, 7 Expected return on plan assets, 11% Actual return on plan assets, 10% Service cost, 2018 January 1, 2018: Projected benefit obligation Accumulated benefit obligation Plan assets (fair value) Prior service cost-AOCI (2018 amortization, $45) Net gain-AOCI (2018 amortization, $6) There were no changes in actuarial assumptions. December 31, 2018: Cash contributions to pension fund, December 31, 2018 Benefit payments to retirees, December 31, 2018 $ 350 2,500 2,200 2,600 345 370 285 310 Required: 1. Determine pension expense for 2018 2. Prepare the journal entries to record pension expense, gains and losses (if any), funding, and retiree benefits for 2018 Complete this question by entering your answers in the tabs below 1. Determine pension expense for 2018 2. Prepare the journal entries to record pension expense, gains and losses (if any), funding, and retiree benefits for 2018. Complete this question by entering your answers in the tabs below Required 1Required 2 Determine pension expense for 2018. (Amounts to be deducted should be indicated with a minus sign. Enter your answers in thousands rounded to 1 decimal place (i.e., 5,500 should be entered as 5.5).) Pension Expense Pension expense 0.0 Journal entry worksheet 2 3 4 Record the pension expense Note: Enter debits before credits Event General Journal Debit Credit Journal entry worksheet 2 3 4 Record the gain or loss on assets Note: Enter debits before credits Event General Journal Debit Credit Journal entry worksheet 2 3 4 Record the funding. Note: Enter debits before credits. Event General Journal Debit Credit Journal entry worksheet 2 3 4 Record the retiree benefits Note: Enter debits before credits Event General Journal Debit Credit 4