Hi!, please do a pension worksheet base on this scenario. Thank you!

Well, I just received a letter from our actuary. She has just performed a mandatory evaluation of our defined benefit plan and she reported the following: the plan obligation at the beginning of the year on September 1, 20X2 was $1,000,000, the current service cost is $200,000, the expected rate of return on the plan assets and interest on the plan obligation for the year ending August 31, 20X3 was 4%. She also wrote that a valuation of the plan obligation indicated that its value as at August 31, 20X3 was $920,000 and that the plan paid out benefits of $400,000 to retirees during the year ending August 31, 20X3. Furthermore, the company made contributions into the plan during the same year of $560,000. All monies paid into and out of the plan occurred evenly throughout the year. We also just found out that the actual rate of return on the plan assets for the year ending August 31, 20X3 was 8%. The plan assets are owned by the employees not the company. Thats the only information I have about the pension plan. I cant get any more until our actuary returns from vacation.

and the pension liability on the financial statement during year ended August 31, 20X2 is 280,000