Carla Corporation is a publicly traded company that uses IFRS. On January 1, 2020 Carlas financial records indicated the following information related to the companys defined benefit pension plan: Defined Benefit Obligation | | $12,935,000 | Pension Plan Assets | | 11,147,000 | Carla Corporations actuary provided the following information on December 31, 2020: Current year service cost | | $675,000 | Prior service cost, granted Jan 1, 2020 | | 254,000 | Employer contributions for the year | | 945,000 | Benefits paid to retirees | | 350,000 | Actuarial Remeasurement Gain on DBO at Dec. 31, 2020 | | 74,000 | Discount rate | | 5% | Actual return on assets | | 6% | | | | |