Pension data for Barry Financial Services Incorporated include the following:

Discount rate, $7\%$

$($$ in thousands$)$

Expected return on plan assets, $11\%$

Actual return on plan assets, $10\%$

Service cost, $2024$

$$410$

January $1,2024$:

Projected benefit obligation

$2,800$

Accumulated benefit obligation

$2,500$

Plan assets $($fair value$)$

Prior service cost$-$ AOCI $(2024$ amortization, $$45)$

Net gain$-$ AOCI $(2024$ amortization, $$10)$

There were no changes in actuarial assumptions.

December $31,2024$:

Cash contributions to pension fund, December $31,2024345$

Benefit payments to retirees, December $31,2024370$

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 $2024$

Answer is not complete.

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

Required $1$

Required $2$

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

Note: If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field. Enter your answers in thousands rounded to $1$ decimal place $($i$.$e$.,5,500$ should be entered as $5\mathrm{.}5).$

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$\backslash$table$[[$No$,$Transaction,General Journal,Debit,Credit$],[1,1,$Pension expense,,$],[,$Plan assets,,$],[,$Amortization of net gain $-$ OCl,,$],[,$Amortization of prior service cost $-$ OCl,,$],[,$PBO,,$],[2,2,$Loss $-$ OCl,,$],[,$Plan assets,,$],[3,3,$Plan assets,,$],[,$Cash,,$],[4,4,$PBO,,$],[,$Plan assets,,$]]$