Question 1 (30 marks) Elijah Corp. sponsors a defined benefit pension plan for its employees. Presented below are the balances related to this plan on 1 January 2019. Plan assets (fair value) Defined benefit obligation Accumulated other comprehensive income $480,000 630,000 0 As a result of the operation of the plan during 2019, the actuary provided the following additional data at December 31, 2019. Service cost for 2019 Actual return on plan assets Past service cost, effective Jan 1, 2019 Annual contribution to the plan Benefits paid to retirees Discount rate $75,000 45,000 90,000 110,000 75,000 8% Required: (a) Using the above information for Elijah Corp., prepare the pension work sheet for 2019. (26 marks) (b) Prepare the journal entry to reflect the accounting for the company's pension plan for the year ended 31 December 2019. (4 marks) [Total for Question 1: 30 marks