The following information is available for Oriole Corporations pension plan for the 2020 fiscal year:

Defined benefit obligation, 1/1/20, accounting basis, before plan amendment		$263,000
Fair value of plan assets, 1/1/20		323,000
Current service cost		63,600
Discount rate		12%
Actual return on plan assets		10%
Contributions (funding)		78,300
Benefits paid to retirees		42,400

On January 1, 2020, Oriole Corp. amended its pension plan, resulting in past service costs with a present value of $140,250. Oriole follows ASPE.

A)Prepare journal entries to record the expense and funding for the year

B)Determine the balance of the net de ned bene t liability/asset reported on the December 31, 2020 balance sheet.

C)Prepare a 2020 pension work sheet for Antoine Corporation.

D)Identify the December 31, 2020 plan surplus or de cit and compare it with the asset or liability reported on the December 31, 2020 balance sheet.