Pension data for Barry Financial Services Incorporated include the following:

$\backslash$table$[[$Discount rate, $7\%,($$ in thousands$)],[$Expected return on plan assets, $10\%,],[$Actual return on plan assets, $9\%,],[$Service cost$,2024,],[$January $1,2024$:$,$$ $340],[$Projected benefit obligation,$],[$Accumulated benefit obligation,$2,450],[$Plan assets $($fair value$),2,150],[$Prior service cost$-$ AOCI $(2024$ amortization, $$40),2,550],[$Net gain$-$ AOCI $(2024$ amortization, $$6),340],[$There were no changes in actuarial assumptions.,$360],[$December $31,2024$:$,],[$Cash contributions to pension fund, December $31,2024,],[$Benefit payments to retirees, December $31,2024,\backslash$table$[[275],[300]]]]$

Required:

Determine pension expense for $2024.$

Prepare the journal entries to record $($a$)$ pension expense, $($b$)$ gains and losses $($if any$),($c$)$ funding, and $($d$)$ retiree benefits for $2024.$

Complete this question by entering your answers in the tabs below.

Required $1$

Determine pension expense for $2024.$

Note: 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 $5\mathrm{.}5).$

$\backslash$table$[[$Pension Expense,$],[$Service cost$,$$$,(340\mathrm{.}0)],[$Interest cost$,171\mathrm{.}5,],[$Expected return on plan assets,$255\mathrm{.}0,],[$Loss on PBO,,$],[,,],[,,],[$Pension expense,$$,]]$