Davis Corporation sponsors a defined benefit pension plan for its employees. The Company follows IFRS. On January 1, 2018, the following balances related to this plan: Plan assets (fair value) $620,000 Defined benefit obligation 850,000 Net defined benefit liability 230,000 As a result of the plan's operation during 2018, the actuary provided the following additional data at December 31, 2018. Service cost for 2018 $135,000 Discount rate 10% Actual return on assets in 2018 57,000 Past service cost incurred at the end of year 27,000 Employer contributions made at the end of year 160,000 Benefits paid in 2018 120,000 Actuarial loss on DBO incurred at the end of year 50,000 Required: (1) Use the template below to complete the pension work sheet for year 2018. (2) Prepare expense and contribution entries. Template: Items Remeasurement Gain or Loss OCI General Journal Entries Annual Pension Cash Expense Net Defined Benefit Liability / Asset Memo Record Defined Benefit Plan Assets Obligation January 1, 2018 Current service cost Net Interest /finance cost Past service cost Remeasurement gain or loss on plan assets Contributions Benefits paid Actuarial loss on DBO Expense entry Contribution entry December 31. 2018