Kaa & Shere Khan Company has a non-contributory, defined benefit pension plan. Kaa's. Incremental borrowing rate is 7%. The accounting period ends 31 December 2020. Pension plan data to be used for accounting purposes in 2020 are as follows: Fair value of plan assets, Dec 31, 2019 $6,258,000 Defined benefit obligation, Dec 31, 2019 $7,299,000 Actual re al return on plan assets for 2020 $61,100 Actuarial revaluation dated Dec 31, 2020 $(806,900) (due to mortality assumption changes) Funding payment at year end 2020 $250,000 Benefits paid to retirees in 2020 $105,000 Current service cost for 2020 $233,400 Required: 1. Calculate the net defined benefit pension liability as of Dec 31, 2019. 2 Calculate the net defined benefit pension liability as of Dec 31, 2020 by calculating the defined benefit obligation and the fair value of plan assets as at Dec 31, 2020 A friend of yours is confused because she cannot find the pension assets or the accrued obligation on Kaa & Shere Khan Company's most recent financial statements. She asks you to explain. 3