The Company maintains a defined benefit post-employment benefit fund for loyal employees in their retirement. The loyal retirees who enjoy Jason's benefits receive a monthly compensation package. The following information relates to the defined benefit pension plan for the year ending December 31, 2021: Projected benefit obligation, January 1 Fair value of plan assets, January 1 Service cost Past service cost Expected return on plan assets Actual return on plan assets Employer contributions Benefits paid to retirees Decrease in projected benefit obligation due to changes in actuarial assumptions Discount rate P5,500,000 6,000,000 675,000 320,000 600,000 680,000 620,000 580,000 175,000 12% REQUIREMENTS: 1. What amount of expense will be presented in the income statement? 2. What amount of remeasurement gain or loss will be presented in OCI? 3. What amount of asset or liability will be presented in the balance sheet related to the defined benefit plan