Pension data for Barry Financial Services Inc. include the following: Discount rate, 7% Expected return on plan assets, 8% Actual return on plan assets, 7% Service cost, 2021 January 1, 2021: Projected benefit obligation Accumulated benefit obligation Plan assets (fair value) Prior service cost-AOCI (2021 amortization, $30) Net gain-AOCI (2021 amortization, $12) There were no changes in actuarial assumptions. December 31, 2021: Cash contributions to pension fund, December 31, 2021 Benefit payments to retirees, December 31, 2021 ($ in thousands) 500 3,250 2,950 3,350 420 520 435 460 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.