Ivanhoe Limited sponsors a defined benefit pension plan, and follows ASPE. The corporation's actuary provides the following information about the plan in thousands of dollars): Vested benefit obligation Defined benefit obligation, accounting basis Plan assets (fair value) Interest/discount rate Net defined benefit liability/asset Past service cost, plan amendment, effective December 30, 2020 Service cost for the year 2020 Contributions (funding) 2020 Benefits paid in 2020 January 1, 2020 December 31, 2020 $1,500 $1,500 2,360 3,106 1,340 2,086 10% 10% ? ? 350 290 680 130 General Journal Entries Memo Annual Pension Expense Net Defined Benefit Liability/ Asset Defined Benefit Obligation Items Cash $ $ Balance, Jan. 1, 2020 (a) Service cost (b) Net interest/finance cost PROMU (c) Asset remeasurement gain (d) Past service cost in year (e) Contributions (f) Benefits paid Expense entry - 2020 $ Contribution entry - 2020 Balance, Dec. 31, 2020 Memo Record Defined Benefit Obligation Plan Assets Prepare the journal entries at December 31, 2020, to record pension expense and the funding contributions. Debit Credit Date Account Titles and Explanation 2020 (To record pension expense.) 2020 (To record contribution to the pension fund.)