Exercise 19-10 The following information is available for Cullumber Corporation's pension plan for the year 2017 Plan assets, January 1, 2017 Actual return on plan assets Benefits paid to retirees Contributions (funding) Discount rate Defined benefit obligation, January 1, 2017, accounting basis valuation516,000 $370,000 17,000 41,800 94,500 1096 65,800 Calculate pension expense for the year 2017, assuming that Cullumber follows IFRS. Pension expense Provide the entries to recognize the pension expense and funding for the year. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Credit December 31, 2017 December 31, 2017 Calculate pension expense for the year 2017, assuming that Cullumber follows ASPE, and its accounting policy is to use an accounting basis valuation for its defined benefit obligation. Pension expense Provide the entries to recognize the pension expense and funding for the year. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit December 31, 2017 December 31, 2017