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Hello I have an accounting question The following information regarding Buffalo Ltd.s defined benefit pension plan was taken from the companys records for 2020: Defined

Hello I have an accounting question

The following information regarding Buffalo Ltd.s defined benefit pension plan was taken from the companys records for 2020:

Defined Benefit Obligation, January 1 $9,876,000
Actual return on plan assets 441,000
Benefits paid to retirees 851,000
Current year service cost 1,210,000
Interest cost 494,000
Employer contributions for the year 1,004,000
Pension Plan Assets, January 1

8,783,000

Prepare a continuity schedule for the DBO for 2020. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)

Prepare a continuity schedule for the plan assets for 2020. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)

Is the pension plan overfunded or underfunded for the year ended December 31, 2020? By how much?

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