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I need help with the following. See 3 part photo. Summit Corporation, a chain of tourism-based businesses, sponsors a defined benefit pension plan for its

I need help with the following. See 3 part photo.

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Summit Corporation, a chain of tourism-based businesses, sponsors a defined benefit pension plan for its employees. Summit follows IFRS. The plan's trustee reports the following information for calendar 2020: Defined benefit obligation, Jan. 1... $260,000 Fair value of plan assets, Jan. 1 ... 200,000 Current service cost ...... 40,000 Actual return on plan assets ........... 15,000 Contributions (made at end of the year) .............mmm 30,000 Benefits paid to retirees ............. 60,000 Interest (discount) rate ....... 6% Past service costs (as of Jan. 1) ........... 4,000 Instructions A. Fill in the pension spreadsheet below.Remeasurement gain/loss | Pension expense Cash Net defined benefit liab/asset | DBO Plan assets 260,000 200,000 Current service cost Past service costs Interest cost Expected return Remeasurement gain/loss Cash paid Benefits paidB. Provide the following figures: Pension expense for 2020 DBO ending balance Plan assets ending balance Net defined benefit liability/asset ending balance Remeasurement gain/loss ending balance C. Prepare the pension-related journal entries for 2020

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