Goodday Ltd. has a defined benefit pension plan and a December 31 year end. The following information relates to the plan Balances : Defined benefit obligation, end of 20x7 Pension plan assets, fair value, end of 20x7 $5,310,000 SFP net defined benefit liability, end of 20x7 4,620,000 690,000 cr. SFP accumulated OCI, pension, end of 20x2 73,000 dr Retained earnings, end of 20X2 8,658,400 CP 20x8 earnings, prior to any pension expense 4,238,000 Current service cost for 20x3, measured using the projected unit credit method 650,300 New past service cost granted in 20x8, negative because benefits were reduced and the liability has declined ((284,000) Contributions made to the pension plan assets paid at end of 20x8 438,000 Actuarial gain in 20x8, negative because caused by higher anticipated future mortality rates and the liability has declined (102,00) Actual earnings in the fund, reported by the pension fund trustee, including interest, dividends, and change in Fair valve 154,300 Benefits paid to pensioners fron Pension fund assets paid at end of 20x8 77,200 45 Interest rate on long-term corporate bonds, end of 20x8 Required: 1. Calculate service cost and payment to the pension fund trustee. Service cost Payment to the pension fund trustee 2. Prepare the entry to record service cost and record the payment to the pension fund trustee. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet