The following information comes from the defined benefit pension plan of TBTF Corporation for the year ended December 31, 2021:

Contributions to plan $75,825

Benefits paid to retirees $111,651

Current service cost $83,408

Defined benefit obligation, January 1, 2021 $650,362

Defined benefit obligation, December 31, 2021 $815,660

Plan assets, January 1, 2021 $591,238

Past service cost arising on January 1, 2021 $92,578

Expected rate of return on plan assets/discount rate							6%
Actual rate of return on plan assets							4%
TBTF Corporation complies with IFRS and has a year end of December 31.
Required:
1.	Prepare a pension worksheet for TBTF Corporation for the year ended December 31, 2021. (9 marks)
2.	Prepare the journal entries required by TBTF to account for the pension plan in 2021. (2.5 marks)
3.	Determine the funded status of the plan at December 31, 2021. (1 mark)
4.	Calculate the defined benefit expense assuming that TBTF follows ASPE instead of IFRS. (1.5 marks)