Cullumber Corp. reports the following information (in hundreds of thousands of dollars) to you about its defined benefit pension plan for 2020:

Actual return on plan assets		$12		Current service cost		$28
Benefits paid to retirees		8		Interest cost		9
Contributions from employer		21		Opening balance, defined benefit obligation (DBO)		92
Cost of plan amendment in year		11		Opening balance, plan assets		99

Defined benefit obligation, ending balance = $132 Provide a continuity schedule for the plan assets for the year. (Enter liabilities and underfunded answer amounts using either a negative sign preceding the number e.g. -55 or parentheses e.g. (55).)

Cullumber Corp. Continuity Schedule 2020
select an item Plan Assets at Fair ValueContributions from EmployerPlan Assets, Opening BalancePlans Surplus (Deficit)Actual Return on Plan AssetsPlan Assets, Ending BalanceDefined Benefit ObligationBenefits Paid to Retirees		$enter a dollar amount
select an item Benefits Paid to RetireesPlan Assets at Fair ValueContributions from EmployerPlan Assets, Opening BalancePlans Surplus (Deficit)Actual Return on Plan AssetsDefined Benefit ObligationPlan Assets, Ending Balance		enter a dollar amount
select an item Benefits Paid to RetireesPlan Assets, Opening BalanceContributions from EmployerPlan Assets, Ending BalancePlan Assets at Fair ValueActual Return on Plan AssetsPlans Surplus (Deficit)Defined Benefit Obligation		enter a dollar amount
select an item Benefits Paid to RetireesDefined Benefit ObligationPlan Assets at Fair ValuePlan Assets, Ending BalanceActual Return on Plan AssetsPlans Surplus (Deficit)Contributions from EmployerPlan Assets, Opening Balance		enter a dollar amount
select a summarizing line for the first part Benefits Paid to RetireesPlans Surplus (Deficit)Plan Assets, Opening BalanceActual Return on Plan AssetsDefined Benefit ObligationPlan Assets at Fair ValuePlan Assets, Ending BalanceContributions from Employer		$enter a total amount for the first part
select an item Plans Surplus (Deficit)Defined Benefit ObligationBenefits Paid to RetireesPlan Assets at Fair ValuePlan Assets, Opening BalanceContributions from EmployerPlan Assets, Ending BalanceActual Return on Plan Assets		$enter a dollar amount
select an item Benefits Paid to RetireesPlan Assets, Ending BalancePlan Assets at Fair ValueContributions from EmployerPlans Surplus (Deficit)Plan Assets, Opening BalanceDefined Benefit ObligationActual Return on Plan Assets		enter a dollar amount
select a closing name for this schedule Plans Surplus (Deficit)Plan Assets at Fair ValueActual Return on Plan AssetsContributions from EmployerBenefits Paid to RetireesPlan Assets, Ending BalancePlan Assets, Opening BalanceDefined Benefit Obligation		$enter a total amount for this schedule

Is the plan in a surplus or a deficit position at the end of the year?

The plan is in a select an option surplusdeficit position.