Pension data for Barry Financial Services Inc. include the following: ($ in 000s) Discount rate, 7% Expected return on plan assets, 12% Actual return on plan assets, 11% Service cost, 2016 $ 480 January 1, 2016: Projected benefit obligation 3,150 Accumulated benefit obligation 2,850 Plan assets (fair value) 3,250 Prior service costAOCI (2016 amortization, $50) 410 Net gainAOCI (2016 amortization, $12) 500 There were no changes in actuarial assumptions. December 31, 2016: Cash contributions to pension fund, December 31, 2016 415 Benefit payments to retirees, December 31, 2016 440 (For all requirements, enter your answers in thousands rounded to 1 decimal place (i.e., 5,500 should be entered as 5.5).)

Required: 1. Determine pension expense for 2016. (Amounts to be deducted should be indicated with a minus sign.)

Prepare the journal entries to record pension expense, gains and losses (if any), funding, and retiree benefits for 2016. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)