Moreton Ltd contributes to a defined benefit superannuation plan for its employees. The following information is available for the plan at 30 June 2020.

Fair value of plan assets (1/7/2019) $10 484 000

Return on plan assets $733 880

Fair value of plan assets (30/6/2020) $10 948 000

Present value of defined benefit obligation (1/7/2019) $10 244 120

Present value of defined benefit obligation (30/6/2020) $10 654 000

Benefits paid $324 000

The rate of return on plan assets for the financial period is 7% and the discount rate at 1 July 2019 is 6%.

REQUIRED:

Select the most appropriate accounting treatments and amounts:

(asset/liability/gain/loss/$0/$54,120/$239,880/$294,000/$563,880/$745,780/$887,880/$985,660)

1. At 30 June 2020, the net defined benefit is a(n) -- with a balance of --.

2. For the financial year ended on 30 June 2020, Moreton Ltd should recognise an actuarial -- on the plan assets at an amount of --.