Required:

Calculate the net defined benefit pension assetliability at December $31,$

$(4$ marks$)$

For December $31,2016,$ calculate the defined benefit obligation $(3$ marks$),$

fair value of plan assets $(3$ marks$)$ and the net defined benefit pension

asset or liability $(3$ marks$)$

Calculate the three pension accounting elements and journal entries for

service cost $(2$ marks$),$ net interest $(2$ marks$)$ and revaluations $(3$ marks$)$

for $2016.$