Sunland Corporation reports the following January 1, 2020 balances for its defined benefit pension plan, which it accounts for under IFRS: plan assets, $420,000; defined benefit obligation, $420,000. Other data relating to the three years of operation of the plan are as follows:

		2020		2021		2022
Annual service cost		$35,800		$39,700		$59,000
Discount rate		10%		10%		10%
Actual return on plan assets		38,100		46,340		54,400
Funding of current service cost		35,800		39,700		59,000
Funding of past service cost		–		74,000		79,500
Benefits paid		30,500		37,620		47,200
Past service cost (plan amended, 1/1/21)				358,000
Change in actuarial assumptions establishes a December 31, 2022 defined benefit obligation of						1,196,000

Prepare and complete a pension work sheet for 2020.

Prepare a continuity schedule of the projected defined benefit obligation over the three-year period. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)

Sunland Corporation Continuity Schedule of Defined Benefit Obligation – 2020
		$
		$

Prepare a continuity schedule of the plan assets over the three-year period.

Determine the pension expense for each of 2020, 2021, and 2022.

Prepare the journal entries to reflect the pension plan transactions and events for each year. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.)