Question 4 (13 points) Capital Co. has a non contributory, defined benefit pension plan for its employees (also known as "tributes"). All inbutes must participate in a set of games called the Hunger Games to be oligible for the pension Pension plan data to bo used for accounting purposes for the 20x9 year are as follows (in thousands): Account Defined benefit obligation, 31 December 20x1 S106,000 Benefits paid to retirees in 20x2 14.000 Current service cost for 20x2 6,700 Actual return on plan assets for 20x2 3,200 Fair value of plan assets, 31 December 20x1 78.000 Funding payment at year-end 20x2 7,000 Past service cost from amendment dated 31 December 3,700 20x2: liability is increased because benefits were increased on a retrospective basis Actuarial revaluation dated 31 December 20x2: decrease to liability because of changed mortality (2,500) assumptions Long-term interest rate on corporate bonds 7% Required: 1. Calculate the Balance Sheet net defined benefit pension liability as of 31 December 20x1 (3 marks) 2. Compute the defined benefit obligation at 31 December 20x2 (6 marks). 3. Compute the fair value of plan assets at 31 December 20x2 (4 marks)