Oriole Corporation is a publicly traded company that follows IFRS. During 2023, changes to life expectancy and disability led to an increase in actuarial assumptions of $38,200. The expected return on assets for 2023 was 4%, while the actual return was 5%. The discount rate used for determining the defined benefit obligation was 4%. On December 31, 2023, Oriole's retirees agreed to a $62,700 reduction in past service benefits. Oriole's accountant began working on the pension worksheet, however she has become very ill and you have been asked to complete the worksheet for her. Following is the partial pension worksheet for Oriole Corporation: Complete the pension worksheet and indicate the amount of the pension liability or asset to appear on Oriole's statement of financial position. \begin{tabular}{|c|c|c|c|} \hline \multirow[b]{2}{*}{ Balance, January 1, 2023} & \multicolumn{2}{|c|}{\begin{tabular}{l} Remeasurement \\ Gain/Loss \\ (OCI) \end{tabular}} & \multirow{2}{*}{\begin{tabular}{c} \begin{tabular}{c} Annual Defined Benefi \\ Expense \end{tabular} \\ i \end{tabular}} \\ \hline & i & v & \\ \hline Current Service Cost & i & v & 220,000 \\ \hline Past Service Cost & & & \\ \hline Net Interest/Finance Cost & & & \\ \hline Asset Remeasurement Gain/Loss & & Cr. & \\ \hline Actuarial Gain/Loss & & Dr. v & \\ \hline Employer Contributions to Pension Fund & i & & i \\ \hline Employee Contributions to Pension Fund & i & & i \\ \hline Benefits Paid to Retirees from Pension Fund & i & & i \\ \hline Defined benefit expense Entry - 2023 & & Dr. v & \\ \hline Net Funding Entry & & & \\ \hline \end{tabular} Balance, December 31, 2023 Oriole Corporation is a publicly traded company that follows IFRS. During 2023, changes to life expectancy and disability led to an increase in actuarial assumptions of $38,200. The expected return on assets for 2023 was 4%, while the actual return was 5%. The discount rate used for determining the defined benefit obligation was 4%. On December 31, 2023, Oriole's retirees agreed to a $62,700 reduction in past service benefits. Oriole's accountant began working on the pension worksheet, however she has become very ill and you have been asked to complete the worksheet for her. Following is the partial pension worksheet for Oriole Corporation: Complete the pension worksheet and indicate the amount of the pension liability or asset to appear on Oriole's statement of financial position. \begin{tabular}{|c|c|c|c|} \hline \multirow[b]{2}{*}{ Balance, January 1, 2023} & \multicolumn{2}{|c|}{\begin{tabular}{l} Remeasurement \\ Gain/Loss \\ (OCI) \end{tabular}} & \multirow{2}{*}{\begin{tabular}{c} \begin{tabular}{c} Annual Defined Benefi \\ Expense \end{tabular} \\ i \end{tabular}} \\ \hline & i & v & \\ \hline Current Service Cost & i & v & 220,000 \\ \hline Past Service Cost & & & \\ \hline Net Interest/Finance Cost & & & \\ \hline Asset Remeasurement Gain/Loss & & Cr. & \\ \hline Actuarial Gain/Loss & & Dr. v & \\ \hline Employer Contributions to Pension Fund & i & & i \\ \hline Employee Contributions to Pension Fund & i & & i \\ \hline Benefits Paid to Retirees from Pension Fund & i & & i \\ \hline Defined benefit expense Entry - 2023 & & Dr. v & \\ \hline Net Funding Entry & & & \\ \hline \end{tabular} Balance, December 31, 2023