Pension data for Barry Financial Services Incorporated include the following: ($ in thousands) Accumulated benefit obligation Discount rate, 7% Expected return on plan assets, 9% Actual return on plan assets, 8% Service cost, 2024 January 1, 2024: Projected benefit obligation Plan assets (fair value)] $ 390 2,700 2,400 2,800 Prior service cost- AOCI (2024 amortization, $35) Net gain- AOCI (2024 amortization, $8) 365 410 There were no changes in actuarial assumptions. December 31, 2024: Cash contributions to pension fund, December 31, 2024 Benefit payments to retirees, December 31, 2024 325 350 Required: 1. Determine pension expense for 2024. 2. 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 Required 1 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 1 decimal place (i.e., 5,500 should be entered as 5.5). Pension Expense Pension expense < Required 1 Required 2 > Show less