Canada Gray Ltd. (Gray), is a successful garment manufacturer and has shares listed in the Toronto Stock Exchange. The company was founded by the Gray family who is passionate about using quality organic fabrics. Gray has a calendar year end. On January 1, 2021, Gray reported the following balances relating to their defined benefit pension plan: Defined benefit obligation (DBO)... $1,600,000 Fair value of plan assets..... 1,600,000 Other data related to the pension plan for calendar 2021 are: Current service cost...... 70,000 Contributions to the plan... 102,000 Benefits paid.......... 100,000 Actual return on plan assets. 96,000 Discount rate on the DBO/plan assets 9% Required: guna December ZUZ GRIGOROVICO POSSUINS POPISU DI ZUZTL d. Prepare all the journal entries relating to the pension transactions for 2021 (5 marks) Calculate the funded position at December 31, 2021 (3 marks) C e