Presented below is information related to the defined benefit pension plan of Grande Prairie Ltd. for the year 2020. The corporation uses IFRS. Defined benefit obligation, Jan 1. Fair value of plan assets, Jan 1 Current service cost. Interest (discount) rate.. Expected return on plan assets Actual return on plan assets Past service cost Actuarial loss on DBO Contributions to plan. Payments to retirees $375,000 350,000 300,000 10% 10% 32,500 25,000 14,900 290,000 250,000 Instructions a) Calculate the pension expense to be reported on the income statement for 2020. (4 marks) b) Calculate the amount to be shown as OCI for 2020. (3 marks) c) Calculate the fair value of the plan assets on December 31, 2020. (2.5 marks) d) Calculate the balance of the defined benefits obligation of the pension plan on December 31, 2020. (2.5 marks) e) Briefly comment on the changes of the surplus or deficits of Grande Prairie in the year of 2020