Sports Unlimited sponsors a defined benefit pension plan for its 70 employees. The company uses IFRS. On January 1, 2023, the company's actuary calculated the followino: 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 Decemher 31,003 Required: (a) Using the following page determine the following as at the end of 2023 : i. Pension expense ii. Defined Benefit Obligation iii. Plan assets Question 3 continued (b) Prepare the journal entry for part a. (c) What is the funded status of the plan at December 31, 2023? Indicate if it's a deficit (underfunded) or a surplus (overfunded)