Jablonski ltd. sponsors a defined-benefit pension plan for its employees. On January 1, 2023, the following balances related to this plan.

Plan assets	170000
Defined benefit obligation	240,000
Net defined benefit liability/asset	70,000 Cr.

As a result of the operation of the plan during 2020, the actuary provided the following additional data on December 31, 2020.

Service cost for 2023	45,000
Actual return on plan assets in 2023	17,000
Contributions on Dec 31 2023	85,000
Benefits paid retirees on dec 31 2023	10,500
Discount rate	8%

Changes in actuarial assumptions result in a defined benefit obligation end-of-year balance of $345000 Jablonski follows IFRS

Instructions

(a)calculate defined benefit obligation, Plan assets and pension expense for Joblonski for the year 2023 by preparing a pension worksheet or schedule

B) prepare the journal entries for the defined benefit expense and contributions to the pension plan

items

Remeasurement (gain) loss oci

annual pension expense

cash

Net Def. Benefit Liablity/ Asset

Defined benefit obligation

plan asset

Beginning balance

past service cost

current service cost

net interest/ finance cost

contribution

benefits paid

measurement gain / loss on plan assets

actuarial gain/ loss

expense entry

contributions entry

ending balance