Sandhill Corporation is a publicly traded company that follows IFRS. During 2023 , changes to life expectancy and disability led to an increase in actuarial assumptions of $37,600. The expected return on assets for 2023 was 4%, while the actual return was 5%. The discount rate used for determining the defined benefit obligation was 4\%. On December 31, 2023, Sandhill's retirees agreed to a $61,900 reduction in past service benefits. Sandhill's accountant began working on the pension worksheet, however she has become very ill and you have been asked to complete the worksheet for her. Following is the partial pension worksheet for Sandhill Corporation: Complete the pension worksheet and indicate the amount of the pension liability or asset to appear on Sandhill's statement of financial position. General Journal Entries Balance, January 1, 2023 (a) Current Service Cost 223,000 Dr. (b) Past Service Cost (c) Net Interest/Finance Cost (d) Asset Remeasurement Gain/Loss (e) Actuarial Gain/Loss (f) Employer Contributions to Pension Fund 223,000Cr. (g) Employee Contributions to Pension Fund 57,000Cr. (e) Actuarial Gain/Loss (f) Employer Contributions to Pension Fund 223,000Cr. (g) Employee Contributions to Pension Fund 57,000Cr. (h) Benefits Paid to Retirees from Pension Fund Defined benefit expense Entry - 2023 Net Funding Entry Balance, December 31, 2023 Sandhill Corporation is a publicly traded company that follows IFRS. During 2023 , changes to life expectancy and disability led to an increase in actuarial assumptions of $37,600. The expected return on assets for 2023 was 4%, while the actual return was 5%. The discount rate used for determining the defined benefit obligation was 4\%. On December 31, 2023, Sandhill's retirees agreed to a $61,900 reduction in past service benefits. Sandhill's accountant began working on the pension worksheet, however she has become very ill and you have been asked to complete the worksheet for her. Following is the partial pension worksheet for Sandhill Corporation: Complete the pension worksheet and indicate the amount of the pension liability or asset to appear on Sandhill's statement of financial position. General Journal Entries Balance, January 1, 2023 (a) Current Service Cost 223,000 Dr. (b) Past Service Cost (c) Net Interest/Finance Cost (d) Asset Remeasurement Gain/Loss (e) Actuarial Gain/Loss (f) Employer Contributions to Pension Fund 223,000Cr. (g) Employee Contributions to Pension Fund 57,000Cr. (e) Actuarial Gain/Loss (f) Employer Contributions to Pension Fund 223,000Cr. (g) Employee Contributions to Pension Fund 57,000Cr. (h) Benefits Paid to Retirees from Pension Fund Defined benefit expense Entry - 2023 Net Funding Entry Balance, December 31, 2023