Crane Corporation provides the following information about its defined benefit pension plan for the year 2020: Current service cost $225,300 Contribution to the plan 263,300 Past service cost, effective December 31, 2020 25,700 Actual return on plan assets 159,800 Benefits paid 101,100 Net defined benefit liability at January 1, 2020 422,000 Plan assets at January 1, 2020 1,598,000 Defined benefit obligation at January 1, 2020 2,020,000 Interest/discount rate on the DBO and plan assets 10% Crane follows IRFS.

Prepare a pension work sheet.

Prepare all journal entries.

What is the amount of the plans surplus/deficit at December 31, 2020?