Pharoah Corporation ended its previous fiscal year with a defined benefit obligation of $148,919 and plan assets of $151,200. On January 1, 2020, the company amended its one-person defined benefit pension plan, resulting in a revised defined benefit obligation at that date of $168,738. As a result of this past service award, Pharoah's required contributions into the plan assets increase by $1,404 each year. Determine the effect that the plan amendment has on Pharoah's 2020 pension expense reported in net income, assuming the company follows ASPE. Pension expense will and net income will by $ eTextbook and Media What if Pharoah applies IFRS? Pension expense will eTextbook and Media in 2020 under ASPE. and net income will by $ in 2020 under IFRS.