Blossom Corporation ended its previous fiscal year with a defined benefit obligation of $132,372 and plan assets of $134,400. On January 1, 2020, the company amended its one-person defined benefit pension plan, resulting in a revised defined benefit obligation at that date of $149,989. As a result of this past service award, Blossom’s required contributions into the plan assets increase by $1,248 each year. Determine the effect that the plan amendment has on Blossom’s 2020 pension expense reported in net income, assuming the company follows ASPE. Pension expense will ( increase or decrese) and net income will select an effect (increasedecrease ) by $enter a dollar amount in 2020 under ASPE. What if Blossom applies IFRS? Pension expense will select an effect decreaseincrease and net income will select an effect decreaseincrease by $enter a dollar amount in 2020 under IFRS.