Pension data for Barry Financial Services Incorporated include the following:

Discount rate, $7\%$

Expected return on plan assets, $10\%$

Actual return on plan assets, $9\%$

Service cost, $2024$

January $1,2024$ :

Projected benefit obligation

Accumulated benefit obligation

Plan assets $($fair value$)$

Prior service cost$-$A$0$CI $(2024$ amortization, $$25)$

Net gain$-$AOCI $(2024$ amortization, $$6)$

There were no changes in actuarial assumptions.

December $31,2024$:

Cash contributions $to$ pension fund, December $31,2024,245$

Benefit payments $to$ retirees, December $31,2024270$

Benefit payments to retirees, December $31,2024$

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 $2024.$

Complete this question by entering your answers in the tabs below.

Determine pension expense for $2024.$

Note: Amounts to be deducted should be indicated with a minus sign. Enter your answers in thousands $($i$.$e$.200,000$ should

be entered as $200).$