Sports Unlimited sponsors a defined benefit pension plan for its 70 employees. The company uses IFRS.

On January 1, 2023, the companys actuary calculated the following:

Defined Benefit Obligation	$1,700,000 Cr.
Plan Assets	$1,200,000 Dr.

The balance in the Net Pension Asset/Liability account on the statement of financial position on January 1, 2023 was a credit of $500,000.

As a result of the operation of the plan during 2023, the actuary provided the following additional information at December 31, 2023.

Service cost for 2023	$336,000
Expected return on assets	8%
Past Service Cost, Jan 1	280,000
Actual return on assets in 2023	$96,000
Contributions to the plan in 2023	$310,000
Benefits paid retirees in 2023	$170,000
Discount rate (interest rate on DBO)	9%
Change in actuarial assumptions resulted in a Dec. 31, 2023 DBO of	$2,300,000

Required:

( a ) Using the following page determine the following as at the end of 2023:

Pension expense

Defined Benefit Obligation

Plan assets

(b) Prepare the journal entry for part a.

( c ) What is the funded status of the plan at December 31, 2023? Indicate if its a deficit (underfunded) or a surplus (overfunded).