Nash Corp is a publicly traded company

Question Nash Corporation is a publicly traded company that follows IFRS. On December 31, 2019, Nash' financial records indicated the following information related to the company's defined benefit pension plan: Defined Benefit Obligation $3,760,000 Pension Plan Assets 3,760,000 On July 1, 2020, Nash acquired the operations of Trap Ltd. As one of the conditions of the purchase, Nash agreed that Trap's employees would be included in Nash's defined benefit pension plan, and would be granted credit for the past service of Trap's employees. The actuary estimated the value of the prior service amount granted on July 1, 2020 to be $203,000. Nash' actuary provided the following information on December 31, 2020: Current year service cost $893,000 Employer contributions for the year 881,000 Benefits paid to retirees 310,000 Actuarial increase in pension obligations 49,000 Discount rate 7% Actual return on assets 5% Prepare a pension worksheet for Nash Corporation for the year ending December 31, 2020. General Journal Entries Memo Record Remeasurement Annual Pension Net Defined Liability/ Defined Benefit Gain/Loss OCI Expense Cash Asset Obligation Plan Assets Balance, January 1, 2020 Current Service Cost Past Service Cost Net Interest/Finance Cost Asset Remeasurement Gain/Loss Actuarial Gain/Loss Employer Contributions to Pension Fund Benefits Paid to Retirees from Pension Fund Pension Expense Entry - 2020 Net Funding Entry Balance, December 31, 2020 SHOW LIST OF ACCOUNTS