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Pharoah Corporation is a private company with a defined benefit pension plan. The following information is available for Pharoah for 2 0 2 3 :

Pharoah Corporation is a private company with a defined benefit pension plan. The following information is available for Pharoah for 2023:
\table[[Opening balance, DBO,$181,000
Pharoah Corporation is a private company with a defined benefit pension plan. The following information is available for Pharoah for 2023:
Opening balance, DBO
Opening balance, plan assets
Service cost
Employer contributions paid evenly through 2023
Applicable interest or discount rate
Actual return on plan assets
Actuarial loss due to change in actuarial assumptions
$181,000
172,000
50,000
66,500
10%
21,500
12,100
Assuming that Pharoah follows IFRS, determine the 2023 effect of the pension plan on defined benefit expense and the company's shareholders' equity.
expense and a related in the net income and retained earnings by $ and a remeasurement ic
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