Cullumber Corporation is a publicly traded company and follows IFRS. On December 31, 2022, Cullumber's financial records indicated the following information related to the company's defined benefit pension plan: Defined Benefit Obligation Pension Plan Assets $1,340,000 1,480,000 Cullumber Corporation's actuary provided the following information on December 31, 2023: Current year service cost $94,000 Prior service cost, granted Jan 1, 2023 175,000 Employer contributions for the year 98,000 Benefits paid to retirees 26,000 Expected return on assets 5% Actual return on assets Discount rate 6% 5%