Exercise 19-13 The following information concerns Crane Corp.'s defined benefit pension plan. Defined benefit obligation, 1/1/20 (before amendment) $249,000 Plan assets, 1/1/20 154,000 Discount rate 10% Annual pension service cost 11,000 Actual return on plan assets 7,700 On January 1, 2020, the company amended its pension plan, which resulted in a reduction in prior service benefits for current employees. The present value of the reduced benefits is $35,500. Calculate the pension expense that will be reported in net income for 2020 if Crane applies IFRS. Pension benefit LINK TO TEXT LINK TO TEXT Calculate the pension expense that will be reported in net income for 2020 if Crane applies ASPE. Pension benefit LINK TO TEXT LINK TO TEXT