Kingbird Corporation is a publicly owned company that follows IFRS. On December 31, 2019, Kingbirds financial records indicated the following information related to the companys defined benefit pension plan:

Defined Benefit Obligation		$7,514,600
Pension Plan Assets		7,322,000

On January 1, 2020, Kingbird acquired the operations of AMX Ltd. As one of the conditions of the purchase, Kingbird agreed that AMXs employees would be included in Kingbirds defined benefit pension plan, and would be granted credit for the past service of AMXs employees. The actuary estimated the value of the prior service amount granted on January 1, 2020 to be $312,500.

Kingbirds actuary provided the following information on December 31, 2020:

Current year service cost		$376,200
Employer contributions for the year		443,300
Benefits paid to retirees		183,900
Actuarial increase in pension obligations		112,900
Expected return on assets		6%
Actual return on assets		5%
Discount rate		6%

a. Prepare a pension worksheet for Kingbird Corporation for the year ending December 31, 2020.

b. Prepare the journal entry to record the pension expense for 2020.

c. What is Kingbirds funded status at December 31, 2020?