Pension data for Barry Financial Services Inc. include the following: ($ in 000s) Discount rate, 7% Expected return on plan assets, 11% Actual return on plan assets, 10% Service cost, 2016 $ 410 January 1, 2016: Projected benefit obligation 2,800 Accumulated benefit obligation 2,500 Plan assets (fair value) 2,900 Prior service cost–AOCI (2016 amortization, $45) 375 Net gain–AOCI (2016 amortization, $10) 430 There were no changes in actuarial assumptions. December 31, 2016: Cash contributions to pension fund, December 31, 2016, 345 Benefit payments to retirees, December 31, 2016 370 (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.) 2. Prepare the journal entries to record pension expense, gains and losses (if any), funding, and retiree benefits for 2016.