Sunland Corporation is a publicly traded company and follows IFRS. On December 31, 2022. financial records indicated the following information related to the company's defined pension plant.

Defined Benefit Obligation $1,370,000

Pension Plan Assets 1.520.000

Sunland Corporation's actuary provided the following information on December 31, 2023

Current year service cost $86.000

Prior service cost granted 1 2023 177.000.

Employer contributions for the year 89,000

paid to retirees 27,000.

Expected return on assets 5%

Actual return an asset 6 %

Discount rate 5 %

1. Prepare a pension worksheet for Sunland corporation for 2023

	POST JOURNAL ENTRIES	POST JOURNAL ENTRIES	POST JOURNAL ENTRIES	POST JOURNL ENTRIES	Memo record	Memo record
	Remeasurement Gain/ loss (oci)(show dr. and cr.)	Annual defined benefit expense	cash	Net defined liability / assets	Defined benefit obligation	Plant assets
Balance January 1,2023
Current service cost
Prior service cost
Net interest / Finance cost
Asset Remeasurement Gain /Loss
Employer contributions to pension fund
Benefits paid to retires from pension fund
Defined Benefit express entry -2023
Net funding entry

Balance December 31,2023