Pension data for Barry Financial Services Incorporated include the following: Discount rate, 7% Expected return on plan assets, 13% Actual return on plan assets, 12% Service cost, 2024 January 1, 2024: Projected benefit obligation Accumulated benefit obligation Plan assets (fair value) Prior service cost- AOCI (2024 amortization, $25) Net gain- AOCI (2024 amortization, $10) There were no changes in actuarial assumptions. December 31, 2024: Cash contributions to pension fund, December 31, 2824 Benefit payments to retirees, December 31, 2024 Required: 1. Determine pension expense for 2024. ($ in thousands) $ 430 2,980 2,600 3,000 385 450 365 390 2. Prepare the journal entries to record (a) pension expense, (b) gains and losses (if any). (c) funding, and (d) benefits for 2024. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Determine pension expense for 2024. Note: Amounts to be deducted should be indicated with a minus sign. Enter your answers in thousands rounded to place (i.e., 5,500 should be entered as 5.5). Pension Expense $ 0.0 Pension expense Required 1 Required 2 > View transaction list Journal entry worksheet < 1 2 3 4 Record the pension expense. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal ht Int rences list Journal entry worksheet 2 3 4 Record the gain or loss on assets. Note: Enter debits before credits. Transaction 2 General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet < 2 3 4 Record the funding. Note: Enter debits before credits. Transaction 3 General Journal Debit Credit Clear entry View general journal Record entry View transaction list Journal entry worksheet 2 3 4 Record the retiree benefits. Noter Enter debits before credits. Transaction General Journal Debit Credit 14 Record entry Clear entry View general journal