For each of the following scenarios, determine (i) the surplus or deficit in the defined benefit superannuation fund and (ii) the net defined benefit liability or asset that should be recognised by the sponsoring employer in accordance with AASB 119/IAS 19. 

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Present value of DBO Fair value of plan assets Asset ceiling 1234 1. $2 600 000 $2 000 000 $Nil 2. $3 100 000 $2 400 000 $Nil 3. $4 000 000 $4 400 000 $200 000 4. $4 800 000 $5 000 000 $500 000