D'Eon Corporation reports the following January 1, 2020 balances for its defined benefit pension plan, which it accounts for under IFRS: plan assets, $460,000; defined benefit obligation, $460,000. Other data relating to three years of operation of the plan are as follows:

		2020		2021		2022
Annual service cost		$36,800		$43,700		$ 59,800
Discount rate		10%		10%		10%
Actual return on plan assets		39,100		50,370		55,200
Funding of current service cost		36,800		43,700		59,800
Funding of past service cost				69,000		80,500
Benefits paid		32,200		37,720		48,300
Past service cost (plan amended, 1/1/21)				368,000
Change in actuarial assumptions establishes a December 31, 2022 defined benefit obligation of						1,196,000

Instructions

a. Prepare and complete a pension work sheet for 2020.

b. Prepare a continuity schedule of the projected defined benefit obligation over the three-year period.

c. Prepare a continuity schedule of the plan assets over the three-year period.

d. Determine the pension expense for each of 2020, 2021, and 2022.

e. Prepare the journal entries to reflect the pension plan transactions and events for each year. Round to the nearest dollar.

f. Prepare a schedule reconciling the pension plan's surplus or deficit with the pension amounts reported on the SFP over the three-year period.

g. Determine the pension expense for each of 2020, 2021, and 2022 assuming that the company applies ASPE.

h. What information would a potential investor be most interested in relative to a company's pension plan?