At January 1, 2021, DBT Inc. had plan assets of $500,000 and a defined benefit obligation of the same amount based on projected costs. During 2021, the current service cost was $45,000, the discount rate on the DBO and plan assets was 10%, actual return on plan assets was $60.000, contributions by DBT were $42,000, benefits paid were $35,000, and the cost of past service benefits granted effective December 31, 2021, was $27,000. Required: Prepare a pension work sheet and journal entries for DBT for 2021 assuming that DBT follows IFRS (9.5 marks)