Cullumber Corporation initiated a defined benefit pension plan for its $50$ employees on January $1,2023.$ The insurance company that

administers the pension plan provides the following information for the years $2023,2024,$ and $2025$:

There were no balances as at January $1,2023,$ when the plan was initiated, because no credit was given for past service. The rate used

to discount the company's pension obligation was $13\%$ in $2023,11\%$ in $2024,$ and $8\%$ in $2025.$ The service cost component of net

periodic defined benefit expense amounted to the following: $2023,$$$54,000$;$2024,$$$85,000$; and $2025,$$$120,000.$ No benefits were

paid in $2023,$ but $$30,000$ was paid in $2024,$ and $$32,000$ in $2025.($All benefits were paid and all actuarial gains and losses were

determined at the end of the year.$)$ The company applies ASPE.

$($a$)$

Prepare a continuity schedule for the defined benefit obligation over the three$-$year period. $($Round answers to $0$ decimal places, e$.$g$.$

$5,275.$ Enter negative amounts using either a negative sign preceding the number e$.$g$.-45$ or parentheses e$.$g$.(45).$ Do not leave any answer Prepare a continuity schedule for the plan assets over the three$-$year period. $($Round answers to $0$ decimal places, e$.$g$.5,275.$ Enter

negative amounts using either a negative sign preceding the number e$.$g$.-45$ or parentheses e$.$g$.(45).$ Do not leave any answer field blank.

Enter $O$ for amounts.$)$ Your answer is correct.

Prepare a continuity schedule for the defined benefit obligation over the three$-$year period. $($Round answers to $0$ decimal place

$5,275.$ Enter negative amounts using either a negative sign preceding the number e$.$g$.-45$ or parentheses e$.$g$.(45).$ Do not leave any a

field blank. Enter O for amounts.$)$

CULLUMBER CORPORATION

Continuity Schedule of Defined Benefit Obligation

$2023$

Defined Benefit Obligation at Beginning of Year

Current Service Cost

Interest Cost

Benefits Paid Out

Net Actuarial Loss $($Gain$)$

Defined Benefit Obligation at End of Year