You are the auditor of $1912$ Inc., the Canadian subsidiary of a public multinational engineering

company that offers a defined benefit pension plan to its eligible employees. Employees are

permitted to join the plan after two years of employment, and benefits vest immediately. You have received the following information from the fund trustee for the year ended De

Other relevant information:

$-$The net defined benefit liability on January $1,2023,$ is $$2,312,500.$

$-$Employee contributions to the plan are withheld as payroll deductions and are remitted to the

pension trustee along with the employer contributions.

$-$The company follows IFRS

REQUIRED: Prepare a schedule reconciling the plan$$s surplus or deficit with the pension amounts reported on the December $31,2023,$ Statement of Financial Position.