The following information is available for Pharoah Corporation's pension plan for the year $2020$:

Plan assets, January $1,2020$

Actual return on plan assets

Benefits paid to retirees

Contributions $($funding$)$

Discount rate

Defined benefit obligation, January $1,2020,$ accounting basis valuation

Service cost

Calculate pension expense for the year $2020,$ assuming that Pharoah follows IFRS.

Pension expense $

Provide the entries to recognize the pension expense and funding for the year. $($Credit account titles are automatically indented

when the amount is entered. Do not indent manually.$)$

$($To record contributions to the pension ddnihgfaubiThe following information is available for Pharoah Corporation's pension plan for the year $2020$:

Plan assets, January $1,2020$

Actual return on plan assets

Benefits paid to retirees

Contributions $($funding$)$

Discount rate

Defined benefit obligation, January $1,2020,$ accounting basis valuation

Service cost

Calculate pension expense for the year $2020,$ assuming that Pharoah follows IFRS.

Pension expense $

Provide the entries to recognize the pension expense and funding for the year. $($Credit account titles are automatically indented

when the amount is entered. Do not indent manually.$)$

$($To record contributions to the pension fund.$)$