Summit Corporation, a chain of tourism-based businesses, sponsors a defined benefit pension plan for its employees. Summit follows IFRS. The plan?s trustee reports the following information for calendar 2020

Instructions

Defined benefit obligation, Jan. 1.. Fair value of plan assets, Jan. 1 Current service cost. Actual return on plan assets............. Contributions (made at end of the year) Benefits paid to retirees... Interest (discount) rate Past service costs (as of Jan. 1). ******** $260,000 200,000 40,000 15,000 30,000 60,000 6% 4,000 A. Fill in the pension spreadsheet below. Current service cost Past service costs Interest cost Expected return Remeasurement gain/loss Cash paid Benefits naid Remeasurement gain/loss Pension expense Cash Net defined benefit liab/asset DBO Plan assets 260,000 200,000