Cullumber Corporation provides the following information about its defined benefit pension plan for the year 2020:

Current service cost $225,500

Contribution to the plan 263,250

Past service cost, effective December 31, 2020

25,100

Actual return on plan assets 159,700

Benefits paid 102,000

Net defined benefit liability at January 1, 2020 407,000

Plan assets at January 1, 2020 1,597,000

Defined benefit obligation at January 1, 2020 2,004,000

Interest/discount rate on the DBO and plan assets

10%

Cullumber follows IRFS.

Prepare a pension work sheet.

Prepare all journal entries. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.)

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