Question: ($ in thousands) $ 340 Discount rate, 7N Expected return on plan assets, 104 Actual return on plan assets, 99 Service cost, 2021 January 1,

($ in thousands) $ 340 Discount rate, 7N Expected return on plan assets, 104 Actual return on plan assets, 99 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 202 View transaction list Journal entry worksheet Record the gain or loss on assets. Note: Enter debits before credits. Transaction General Journal Debit Credit B LOSS - OCI Plan assets Record entry Clear entry View general journal

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