Pension data for Barry Financial Services Incorporated include the following:

$($$ in thousands$)$

Discount rate, $7\%$

Expected return on plan assets, $10\%$

Actual return on plan assets, $9\%$

Service cost, $2024$ $ $460$

January $1,2024$:

Projected benefit obligation $3,050$

Accumulated benefit obligation $2,750$

Plan assets $($fair value$)3,150$

Prior service cost$$ AOCI $(2024$ amortization, $$40)400$

Net gain$$ AOCI $(2024$ amortization, $$12)480$

There were no changes in actuarial assumptions.

December $31,2024$:

Cash contributions to pension fund, December $31,2024395$

Benefit payments to retirees, December $31,2024420$

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 $2024.$