Prompt The following table depicts details about expenses and liabilities, and income and assets for a defined benefit pension plan for a mid-size company. Components of periodic benefit cost Service cost Net interest (income) expense Remeasurements Periodic pension cost Benefit obligations at the beginning of the year Value $230,000.00 $367,000.00 $-20.000.00 $577,000.00 $28.416.000.00 $230,000.00 Service cost Interest cost Benefits paid Actuarial gain or loss $1.600.000.00 $1,320,000.00 $40,000.00 Fair value of plan assets at the beginning of the year $23,500,000.00 Actual return on plan assets Employer contributions Benefits paid Fair value of plan assets at end of year $1.400.000.00 $700,000.00 $1,320,000.00 $24.280,000.00 Making adjustments where necessary, address the following requirements: 1. Calculate the change in benefit obligation and plan assets. 2. Calculate the funded status at the beginning and at the end of the year, 3. The pension plan also holds securities worth $2.350,000 of which $1.350.000 are held for trading and the rest are available for sale securities. Discuss in approximately 200-300 words, how changes in pension plan assets are similar to changes for these two securities types. Your explanation should include how the changes in the value of plan assets and these securities affect the income statement, equity, or cash flows.