Goodday Ltd. has a defined benefit pension plan and a December 31 year-end. The following information relates to the plane Balances Defined benefit obligation, end of 20X7 $5,310,000 Pension plan assets, fait value. end of 20X7 SFP net defined benefit liability. end of 20x7 4.620.000 690,000 er. SEP accumulated OCI, pension, end of 20x7 73,000 dr. Retained earnings, end of 20x7 8,658,400 er. 20x8 earnings, prior to any pension expense 4.238.000 Cr. Current service cost for 20x0, Mesured 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 (1264,000) Contributions made to the pension planseta paid at end of 2oxe 438,000 Actuarial gain in 20x8, negative because caused by higher anticipated future mortality rates and the liability has declined (102,000) Actual earnings in the fund, reported by the pension fund trustee, including interest, dividends and change in 154,300 fair value Benefits paid to pensioners from Fension fund assets pazo 77,200 at end of 20xe Interest rate on long-term corporate bonds, end of 20% 15 Required: Prepare the journal entry to record the third element of pension accounting for the defined benefit plan That is calculate remeasurement(s). (if no entry is required for a transaction/event, select "No journal entry required" in the first account field) View transaction list X 1 Record the actuarial loss or gain due to change in assumptions. / 2 Record the experience loss or gain on the fund earnings, wilt Goodday Ltd. has a defined benefit pension plan and a December 31 year-end. The following information relates to the plane Balances Defined benefit obligation, end of 2007 Pension plan assets, fair value, end of 20x7 55,310,000 SFP net defined benefit liability, end of 20x7 4.620.000 SEP accumulated OCI, pension, end of 20x7 690,000 CE Retained earnings, end of 20%? 73.000 de 20xe earnings, PELOr to any pension expense 2.650.400 DE 1.230.000 CE Current service cost for 20x8, measured using the projected unit credit method 650.300 New past service cost granted in 20x, negative because benefits were reduced and the ability has decid 204.000 Contributions made to the pension plan to pard and of 20x8 450.000 Actuarial gain in 20X3, negative because caused by higher anticipated future mortality rates and the ability has declined 1102,000) Actual carnings in the fund, reported by the pension und trustee, including intereso, dividends, and change in 154.300 Tair value Benefits paid to pensioners from Pension fundet pale 77.300 at end of 20XE Interest rate on long-term corporate bonds, and of 30xd 5 Required: Pirnare the journal entry to record the third element of pension accounting for the defined benefit plan. That is calculate muired for a transaction/event, select "No journal entry required in the first account field) Required: Prepare the journal entry to record the third element of pension accounting for the defined benefit plan. That is calculate remeasurement(s). (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list 1 Record the actuarial loss or gain due to change in assumptions. 2 Record the experience loss or gain on the fund earnings