Pharoah Corporation provides the following information about its defined benefit pension plan for the year 2020:

Current service cost		$226,700
Contribution to the plan		264,200
Past service cost, effective December 31, 2020		26,700
Actual return on plan assets		160,000
Benefits paid		117,000
Net defined benefit liability at January 1, 2020		401,700
Plan assets at January 1, 2020		1,600,000
Defined benefit obligation at January 1, 2020		2,001,700
Interest/discount rate on the DBO and plan assets		10%

Pharoah follows IFRS.

QUESTIONS:

A) Prepare a continuity schedule for 2020 for the defined benefit obligation.

B) Prepare a continuity schedule for 2020 for the plan assets.

C) Calculate pension expense for the year 2020.

Pension expense

$ enter Pension expense in dollars

D) Prepare all pension journal entries recorded by Pharoah in 2020.

E) What pension amount will appear on Pharoahs SFP at December 31, 2020?