Oxford Company provides the following information about its defined pension plan for the year 2022.

service cost $89,400

contribution to the plan $104,800

benefits paid $40,800

plan assets at January 1, 2022. $627,300

defined benefits obligation at January 1,2022. $697,700

interest/discount (settlement) rate. 10%

Prepare a pension worksheet inserting the January 1, 2022 and December 31,2022, balances.( enter all amounts as positive).

Please give a detailed answer and show your work as much as you can. Thank you