Pearl Corporation is a publicly owned company that follows IFRS. On December 31, 2019, Pearl's financial records indicated the following information related to the company's defined benefit pension plan: Defined Benefit Obligation Pension Plan Assets $7,547,900 7,254,200 On January 1, 2020, Pearl acquired the operations of AMX Ltd. As one of the conditions of the purchase, Pearl agreed that AMX's employees would be included in Pearl's defined benefit pension plan, and would be granted credit for the past service of AMX's employees. The actuary estimated the value of the prior service amount granted on January 1, 2020 to be $333,200. Pearl's actuary provided the following information on December 31, 2020: Current year service cost $377,700 Employer contributions for the year 441,300 Benefits paid to retirees 158,200 Actuarial increase in pension obligations 127,700 Expected return on assets 6% Actual return on assets 5% Discount rate 6%