Question 4 of 10 -/5 View Policies Current Attempt in Progress At January 1, 2020. Crane Corporation had plan assets of $256.500 and a defined benefit obligation of the same amount based on projected costs. During 2020, the current service cost was $28.550, the discount rate on the DBO and plan assets was 10%, actual return on plan assets was $31,500, contributions by Crane were $21,050, benefits paid were $17.500, and the cost of past service benefits granted effective December 31, 2020, was $29,000 Prepare a pension work sheet for Crane Corporation for 2020 assuming that Crane follows IFRS. CRANE CORPORATION Pension Worksheet-2020 General Journal Entries Annual Pension Expense Remeasurement (Gain) Loss (OCD) Item $ Balance, 1/1/20 0 $ 0 Service cost 28550 Dr. Net interest/finance cost : Remeasurement gain on plan assets : CINNLLUTUIVATTUIT Pension Worksheet-2020 General Journal Entries Remeasurement (Gain) Loss (OCI) Annual Pension Expense Item $ 0 : $ 0 Balance, 1/1/20 28550 Dr. Service cost Net interest/finance cost . Remeasurement gain on plan assets . Past service cost Contributions Benefits paid $ Expense entry $ . Contribution entry Bal 12/31/20 Memo Record Net Det Benefit Liability Asset ash Defined Benefit Obligation $ $ . . . . . 2 . . 2 . $ Memo Record Det efit ality Defined Benefit Obligation $ Plan Assets $ : . . + : +