Sandhill Corporation provides the following information about its defined benefit pension plan for the year 2020: Current service cost $227,100 Contribution to the plan 264,600 Past service cost, effective December 31, 2020 27,100 Actual return on plan assets 160,000 Benefits paid 121,000 Net defined benefit liability at January 1, 2020 402,100 Plan assets at January 1, 2020 1,600,000 Defined benefit obligation at January 1, 2020 2,002,100 Interest/discount rate on the DBO and plan assets 10% Sandhill follows IFRS.