Pension data for Barry Financial Services Inc. Include the following: Discount rate, 7% Expected return on plan assets, 11% Actual return on plan assets, 10% Service cost, 2021 January 1, 2021: Projected benefit obligation Accumulated benefit obligation Plan assets (fair value) Prior service cost-AOCI (2021 amortization, $45) Net gain-AOCI (2021 amortization, $10) There were no changes in actuarial assumptions. December 31, 2021: Cash contributions to pension fund, December 31, 2921 Benefit payments to retirees, December 31, 2021 (5 in thousands) $418 2,800 2,500 2,900 375 430 345 378 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.