Pension data for Barry Financial Services Incorporated include the following: Discount rate, 7% Expected return on plan assets, 12% Actual return on plan assets, 11% Service cost, 2024 January 1, 2024: Projected benefit obligation Accumulated benefit obligation Plan assets (fair value) Prior service cost- AOCI (2024 amortization, $50) ($ in thousands) $ 420 2,850 2,550 2,950 380 440 Net gain- AOCI (2024 amortization, $10) There were no changes in actuarial assumptions. Cash contributions to pension fund, December 31, 2024 December 31, 2024: Benefit payments to retirees, December 31, 2024 Required: 1. Determine pension expense for 2024. 355 380 2. Prepare the journal entries to record (a) pension expense, (b) gains and losses (if any), (c) funding, and (d) retiree benefits for 2024.