Ivanhoe Limited sponsors a defined benefit pension plan, and follows ASPE. The corporations actuary provides the following information about the plan (in thousands of dollars):

		January 1, 2020		December 31, 2020
Vested benefit obligation		$1,500		$1,500
Defined benefit obligation, accounting basis		2,360		3,106
Plan assets (fair value)		1,340		2,086
Interest/discount rate		10%		10%
Net defined benefit liability/asset		?		?
Past service cost, plan amendment, effective December 30, 2020				350
Service cost for the year 2020				290
Contributions (funding) 2020				680
Benefits paid in 2020				130

a. Calculate the actual return on the plan assets in 2020.

b. Calculate the amount of the net defined benefit liability/asset as at January 1, 2020.

c. Prepare a continuity schedule of the defined benefit obligation for 2020.

d. Calculate the pension expense for 2020, separately identifying each amount making up the total expense.

e. Prepare the pension-related entries made by the company during 2020

f. Compare the plans surplus or deficit at December 31, 2020, with the amount reported on the December 31, 2020 balance sheet.