Refer to the data in TR19-2 and solutions to TR19-3 to TR19-5.

Data From TR19-2

The following data are to be used for TR19-2 to TR19-6. Good day Ltd., a public company, has a defined benefit pension plan and a 31 December year-end. The following information relates to the plan:

Required:1. Show the presentation of earnings and comprehensive income, reflecting the entries made to record the three elements of pension accounting. Also prepare the statement of changes in equity for retained earnings and accumulated OCI, and list the pension-related SFP account.2. Prove that the SFP balance is equal to the net defined benefit liability/asset for the pension plan.

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Balances: Defined benefit obligation, end of 20X7 Pension plan assets, fair value, end of 20X7 SFP net defined benefit liability, end of 20X7 $5,215,000 4,810,000 405,000 cr.