Sophia Consultants Inc. has had a defined benefit pension plan since January

The following represents beginning balances as at January :

Plan Asset $; Defined Benefit Obligation $; Net Pension Liability $

Additional Information is as follows for :

Current Service cost is $ for

Company FundingContribution is $ for Funding is made on December of each year.

Actual return on assets is $ for

There is an increase in obligation for $ due to changes in Actuarial assumptions at Dec

There are payments made equal to $ per year to retired employees in payments to retirees

are made at the end of the year on December

Past service cost of $ from plan amendment dated December : liability is increased

because benefits were increased on a retroactive basis.

For the assumed interest rate is Assume IFRS.

Required:

Determine Defined Benefit Obligation, Pension Asset, Pension Expense, AOCI, and Net

Pension AssetLiability for Prepare a spreadsheet to determine all these pension items.

marks

Prepare the required journal entries for marks

Prepare a partial balance sheet and a partial income statement for marks