Snipe Ltd applies ASPE and sponsors a defined benefit pension plan. The following pension plan information is available for 2020 and 2021:

	2020	2021
Plan assets (fair value) December 31	$515,000	$642,000
Defined benefit obligation, January 1	600,000	700,000
Net defined benefit liability (asset) January 1	240,000	?
Current service cost	60,000	90,000
Actual return on plan assets	24,000	47,000
Funding of current service cost	60,000	90,000
Funding on past service costs	85,000	55,000
Benefits paid	?	?
Interest/discount rate	9%	9%

Pension Fund paid out benefits each year. No Actuarial gains or losses incurred on the DBO in the 2 year period.

Instructions:

(a) Prepare the complete pension worksheets for Snipe for 2020 and 2021.

(b) Prepare the required pension disclosure notes to the financial statements at Dec 31, 2021.

(c) Calculate pension expense for 2020 and 2021.

(d) Prepare all journal entries to record the pension expense and the company's pension plan funding for both years.