Pension data for Barry Financial Services Inc. include the following: ($ in thousands) Plan assets (fair value) Discount rate, 78 Expected return on plan assets, 118 Actual return on plan assets, 108 Service cost, 2021 January 1, 2021: Projected benefit obligation Accumulated benefit obligation Prior service cost-AOCI (2021 amortization, $45) Net gain-AOCI (2021 amortization, $12) $ 470 3,100 2,800 3,200 405 490 There were no changes in actuarial assumptions. December 31, 2021: Cash contributions to pension fund, December 31, 2021 Benefit payments to retirees, December 31, 2021 405 430 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. Required 1 Required 2 Determine pension expense for 2021. (Amounts to be deducted should be indicated with a minus sign. E thousands rounded to 1 decimal place (i.e., 5,500 should be entered as 5.5).) Pension Expense Pension expense $ 0.0 Prepare the journal entries to record (a) pension expense, (b) gains and losses (if any), (c) funding, and no entry is required for a transaction/event, select "No journal entry required" in the first account field. rounded to 1 decimal place (i.e., 5,500 should be entered as 5.5).) View transaction list Journal entry worksheet < A B C D Record the pension expense. Note: Enter debits before credits. Transaction A General Journal Debit Credit Prepare the journal entries to record (a) pension expense, (b) gains and losses (if any), (c) funding, and no entry is required for a transaction/event, select "No journal entry required" in the first account field. rounded to 1 decimal place (i.e., 5,500 should be entered as 5.5).) View transaction list Journal entry worksheet < A B C D Record the gain or loss on assets. Note: Enter debits before credits. Transaction B General Journal Debit Credit Prepare the journal entries to record (a) pension expense, (b) gains and losses (if any), (c) funding, and no entry is required for a transaction/event, select "No journal entry required" in the first account field. rounded to 1 decimal place (i.e., 5,500 should be entered as 5.5).) View transaction list Journal entry worksheet < A B Record the funding. 0 D Note: Enter debits before credits. Transaction C General Journal Debit Credit Prepare the journal entries to record (a) pension expense, (b) gains and losses (if any), (c) funding, and no entry is required for a transaction/event, select "No journal entry required" in the first account field. rounded to 1 decimal place (i.e., 5,500 should be entered as 5.5).) View transaction list Journal entry worksheet > A B C D Record the retiree benefits. Note: Enter debits before credits. Transaction D General Journal Debit Credit