Marigold Corporation is a publicly traded comparvy and follows IFRS. On December 31, 2019, Marigold's financial records indicated the following information related to the company's defined benefit pension plan Defined Beneht Obligation $1,370,000 Pension Plan Assets 1,500,000 Marigold Corporation's actuary provided the following information on December 31, 2020 Current year service cost Prior service cost, granted Jan 1.2020 Employer contributions for the year Benefits paid to retirees Expected return on assets Actual return on assets Discount rate $79.000 177.000 84,000 31,000 596 6% 5% Prepare a pension worksheet for Marigold Corporation for 2020. Remeasurement Gain/Loss (OCI) Annual Pension Expense > Balance, January 1, 2020 > > Memo Record Defined Benefit Obligation Plan Assets y 7:35 PM Pension Expense Entry-2020 Net Funding Entry Balance, December 31, 2020 Prepare pension plan journal entries for Marigold Corporation for 2020. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No entry for the account tities and enter for the amounts.) Account Titles and Explanation Credit I Debit (To record pension expense) (To record payment to the pension fund) What is the funded status for Marigold Corporation at December 31, 2020? Marigold pension plan is by $ on December 31, 2020. Marigold Corporation is a publicly traded comparvy and follows IFRS. On December 31, 2019, Marigold's financial records indicated the following information related to the company's defined benefit pension plan Defined Beneht Obligation $1,370,000 Pension Plan Assets 1,500,000 Marigold Corporation's actuary provided the following information on December 31, 2020 Current year service cost Prior service cost, granted Jan 1.2020 Employer contributions for the year Benefits paid to retirees Expected return on assets Actual return on assets Discount rate $79.000 177.000 84,000 31,000 596 6% 5% Prepare a pension worksheet for Marigold Corporation for 2020. Remeasurement Gain/Loss (OCI) Annual Pension Expense > Balance, January 1, 2020 > > Memo Record Defined Benefit Obligation Plan Assets y 7:35 PM Pension Expense Entry-2020 Net Funding Entry Balance, December 31, 2020 Prepare pension plan journal entries for Marigold Corporation for 2020. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No entry for the account tities and enter for the amounts.) Account Titles and Explanation Credit I Debit (To record pension expense) (To record payment to the pension fund) What is the funded status for Marigold Corporation at December 31, 2020? Marigold pension plan is by $ on December 31, 2020
