[Pension data for Barry Financial Services Inc. include the following:

	($ in 000s)
Discount rate, 6%
Expected return on plan assets, 8%
Actual return on plan assets, 7%
Service cost, 2016	$	380
January 1, 2016:
Projected benefit obligation		2,650
Accumulated benefit obligation		2,350
Plan assets (fair value)		2,750
Prior service costAOCI (2016 amortization, $30)		360
Net gainAOCI (2016 amortization, $8)		400
There were no changes in actuarial assumptions.
December 31, 2016:
Cash contributions to pension fund, December 31, 2016		315
Benefit payments to retirees, December 31, 2016		340

(For all requirements, enter your answers in thousands rounded to 1 decimal place (i.e., 5,500 should be entered as 5.5).)

Required:

1.

Determine pension expense for 2016. (Amounts to be deducted should be indicated with a minus sign.)

Pension Expense
Pension expense	$0.0

2.

Prepare the journal entries to record pension expense, gains and losses (if any), funding, and retiree benefits for 2016. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) 1. Record the pension expense. 2. Record the gain or loss on assets. 3. Record the funding. 4. Record the retiree benefits.