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, 2018	$	360
January 1, 2018:
Projected benefit obligation		2,550
Accumulated benefit obligation		2,250
Plan assets (fair value)		2,650
Prior service costAOCI (2018 amortization, $50)		350
Net gainAOCI (2018 amortization, $8)		380
There were no changes in actuarial assumptions.
December 31, 2018:
Cash contributions to pension fund, December 31, 2018		295
Benefit payments to retirees, December 31, 2018		320

Required: 1. Determine pension expense for 2018. 2. Prepare the journal entries to record pension expense, gains and losses (if any), funding, and retiree benefits for 2018.

• Required 1
• Required 2

Determine pension expense for 2018. (Amounts to be deducted should be indicated with a minus sign. Enter your answers in thousands rounded to 1 decimal place (i.e., 5,500 should be entered as 5.5).)

Pension Expense
Service cost	$360.0
Interest cost	178.5
Expected return on assets	???
Amortization of net gain	(8.0)
Amortization of prior service cost	50.0
Pension expense	$886.5

• Required 2

Prepare the journal entries to record pension expense, gains and losses (if any), funding, and retiree benefits for 2018. (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 5.5).)

No	Event	General Journal	Debit	Credit
1	1	Pension expense
		Plan assets
		Amortization of net gainOCI
		Amortization of prior service costOCI
		PBO
2	2	LossOCI
		Plan assets
3	3	Plan assets
		Cash
4	4	PBO
		Plan assets