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Pension data for Barry Financial Services Inc. include the following: ($ in thousands) $ 340...

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Pension data for Barry Financial Services Inc. include the following: ($ in thousands) $ 340 Discount rate, 7% Expected return on plan assets, 10% Actual return on plan assets, 9% Service cost, 2021 January 1, 2021: Projected benefit obligation Accumulated benefit obligation Plan assets (fair value) Prior service cost-AOCI (2021 amortization, $40) Net gain-AOCI (2021 amortization, $6) There were no changes in actuarial assumptions. December 31, 2021: Cash contributions to pension fund, December 31, 2021 Benefit payments to retirees, December 31, 2021 2,450 2,150 2,550 340 360 275 300 Required: 1. Determine pension expense for 2021. 2. Prepare the journal entries to record (a) pension expense, (b) gains and losses (if any), (c) funding, and (d) retiree benefits for 2021

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