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Urban Life Ltd . sponsors a defined benefit pension plan for its employees. It is now the 2 0 9 fiscal year. An appropriate interest

Urban Life Ltd. sponsors a defined benefit pension plan for its employees. It is now the 209 fiscal year. An appropriate interest rate
for long-term debt is 6%. Information with respect to the plan is as follows:
Requlred:
Calculate the SFP net defined benefit pension liability as of 31 December 208.
Calculate the net defined benefit pension liability as of 31 December 209 by calculating the defined benefit obligation and the fair
value of plan assets at 31 December 209.
Analyze the three elements of pension accounting for 209 : service cost, net interest, and remeasurements. Prepare entries, and
also an entry for the contribution to the fund during 20X9.(If no entry ls requlred for a transoctlon/event, select "No journal entry
requlred" In the flrst account fleld.)
View journal entry worksheet
4-a. Calculate the SFP net defined benefit pension liability as of 31 December 209, reflecting requirement 1 and the entries in
requirement 3.
*****Just fill in the blank spaces from the image provided********
THANKS!
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