Stanley$-$Morgan Industries adopted a defined benefit pension plan on April $12,2024.$ The provisions

of the plan were not made retroactive to prior years. A local bank, engaged as trustee for the plan

assets, expects plan assets to earn a $10\%$ rate of return. The actual return was also $10\%$ in $2024$ and

$2025.*$ A consulting firm, engaged as actuary, recommends $4\%$ as the appropriate discount rate. The

service cost is $$225,000$ for $2024$ and $$320,000$ for $2025.$ Year$-$end funding is $$240,000$ for $2024$

and $$250,000$ for $2025.$ No assumptions or estimates were revised during $2024.$

$*$We assume the estimated return was based on the actual return on similar investments at the

inception of the plan and that, since the estimate didn't change, that also was the actual rate in

Required:

Calculate each of the following amounts as of both December $31,2024,$ and December $31,2025$:

Note: Enter your answers in thousands $($i$.$e$.,200,000$ should be entered as $200).$ Enter a liability

as a negative amount.

Answer is complete but not entirely correct.