Highland Corporation reports the following January 1, 2019 balances for its defined benefit pension plan:

Plan assets: $520,000

Defined benefit obligation: $520,000.

Other data relating to three years of operation of the plan are as follows:

	2019	2020
Annual service cost	$46,800	$53,700
Discount rate	8%	8%
Actual return on plan assets	41,600	50,370
Funding of current service cost	36,800	112,500
Benefits paid	42,200	47,720
Past service cost (plan amended, January 1, 2020)		168,000
Change in actuarial assumptions establishes a December 31, 2020 defined benefit obligation of		906,000

Required:

1. Prepare pension work sheets for 2019, and 2020, assuming that Highland reports under IFRS.
2. Prepare a continuity schedule of the projected benefit obligation over the three-year period.
3. Prepare a continuity schedule of the plan assets over the three-year period.
4. Determine the pension expense for each of 2019 and 2020.
5. Prepare the journal entries to reflect the pension plan transactions and events for each year.
6. Prepare a schedule reconciling the pension plan's surplus or deficit with the pension amounts reported on the statement of financial position over the two-year period.

Had Highland reported under ASPE, how would its pension expense for each of 2019 and 2020 have been differen