Gurung Co. has a noncontributory, defined benefit pension plan adopted on 1 January 20X5. On 31 December 20X5, the following information is available For accounting purposes Interest rate used for pension amounts, 5% . Past service cost, granted as of 1 January 20x5, $340,000. This is also the defined benefit obligation on 1 January. Current service cost for 20X5, appropriately measured for accounting purposes, $81,000. For funding purposes Funding was $106,500 in 20X5 for all pension amounts. The payment was made on 31 December Actual earnings on fund assets, zero. Required 1. Prepare a pension spreadsheet thet summarizes relevent pension data for 20X5 Obli Plan Assets Pensi Expense Asset/Liab. OCI 20X5 Beginning PSc CSC Interest Funding 2. Prepare a pension spreadsheet that su relevant pension data for 20X6. The following facts relate to 20X6: Current service cost for accounting was $124,000. . A plan amendment resulted in a past service cost of $54,000 being granted Total funding of the pension plan was $132,000, on 31 December 20x6 Actual return on fund assets was $10,300 An actuarial revaluation was done to reflect new information about expected turnover rates in the employee population. This resulted in a obligation, as of 31 December 20X6. $49,000 increase in the defined benefe tion Plan Assets 20x6 Opening CSC Net interest PSC (new) Actual retum versus expected Funding