Calculate Sheridan's pension benefit for 2023 assuming that the company follows ASPE.

Sheridan Corp. provides a defined contribution pension plan for its employees. The plan requires Sheridan to contribute 5% of employees' gross pay to a fund trustee each year. Sheridan's total payroll for 2023 was $2,887,500. At the start of 2023 , Sheridan revised the terms of the plan, which resulted in past service costs of $869,600. Sheridan expects to realize the economic benefits from the plan change for at least five years, beginning in 2023. (a) Your answer is correct. Calculate Sheridan's pension benefit expense for 2023 assuming that the company follows IFRS. (Round answer to 0 decimal places, e.g. 5,275.) Pension benefit expense $ eTextbook and Media (b) Using multiple attempts will impact your score. Attempts: 1 of 2 used 25% score reduction after attempt 1 Calculate Sheridan's pension benefit expense for 2023 assuming that the company follows ASPE. (Round answer to 0 decimal places, e.g. 5,275.) Pension benefit expense $ eTextbook and Media Attempts: 1 of 2 used Using multiple attempts will impact your score. 25% score reduction after attempt 1