Goodday Ltd$.,$ a public company, has a defined benefit pension plan and a $31$ December year$-$end. The following information relates to the plan:

Balances:

Defined benefit obligation, end of $20$X$7$ $ $5,315,000$

Pension plan assets, fair value, end of $20$X$74,828,000$

SFP net defined benefit liability, end of $20$X$7487,000$ cr$.$

SFP accumulated OCI, pension, end of $20$X$772,000$ dr$.$

Retained earnings, end of $20$X$78,661,400$ cr$.$

$20$X$8$ earnings, prior to any pension expense $4,200,000$ cr$.$

Current service cost for $20$X$8,$ measured using the projected unit credit method $607,900$

New past service cost granted in $20$X$8,$ negative because benefits were reduced and the liability has declined $(374,000)$

Contributions made to the pension plan assets paid at end of $20$X$8440,000$

Actuarial gain in $20$X$8,$ negative because caused by higher anticipated future mortality rates and the liability has declined $(126,000)$

Actual earnings in the fund, reported by the pension fund trustee, including interest, dividends, and change in fair value $148,800$

Benefits paid to pensioners from Pension fund assets paid at end of $20$X$873,900$

Interest rate on long$-$term corporate bonds, end of $20$X$85\%$

Required:

Prepare the accounting for the defined benefit plan, using the spreadsheet approach.Goodday Ltd$.,$ a public company, has a defined benefit pension plan and a $31$ December year$-$end. The following Information relates to

the plan:

Balances:

Defined benefit obligation, end of $2800$

Pension plan assets, falr value, end of $26007$

SFP net defined benefit liability, end of $207$

SFP accumulated OCI, pension, end of $207$

Retained eamings, end of $260?$

$2$ exs earnings, prior to any pension expense

Current service cost for $26x8,$ measured using the projected

unit credit method

New past service cost granted in $208,$ negative because

benefits were reduced and the liablility has decilined

Contributions made to the pension plan assets paid at end of

$2$ excs

Actuarlal gain in $2$exos, negative because caused by higher

anticipated future nortality rates and the liability has

declined

Actual earnings in the fund, reported by the pension fund

trustee, Including interest, dividends, and change in falr

value

Benefits pald to pensioners fron Pension fund assets pald at

end of $208$

Interest rate on long$-$term corporate bonds, end of $26x09$

$607,900$

$(374,690)$

$440,600$

Requlred:

Prepare the accounting for the defined benefit plan, using the spreadsheet approach.