The following data relates to CheeseFactory Inc's pension plan for the year 2020: Defined benefit obligation at January 1, 2020 - $627,000 Fair value of plan assets at January 1, 2020 - $600,000 Current service cost - $82,000 Cost of past service benefits granted effective December 31, 2020 - $34,000 Actual return on plan assets - $70,000 Contributions to plan - $87,000 Benefits paid - $ 45,000 Actuarial loss - $39,000 Interest (discount) rate - 8% Instructions: (a) Prepare a pension work sheet for 2020 based on the IFRS approach. (b) Show the journal entries for pension expense and contribution for 2020. General Journal Entries Memo Record (Pension Fund) Items Annual pension Remeasurement Expense Gain/Loss (OCI) Cash Net Defined benefit Liability/Asset Defined Benefit Obligations Plan Assets Opening Balances Current Service Cost Past Service Cost Interest Costs Expected vs. Actual Return on Plan Assets Contribution Benefits Paid Out Acturial (Gain) or Loss Expense Entry Contribution Entry Balance b) Journal Entries