Brockstone Masons’ balance sheet shows a net defined benefit liability of $1,790,000. Relating to this amount are pension assets of $5,450,000 and pension obligations of $7,240,000. At the beginning of the year, pension assets were $4,900,000 while pension obligations were $5,500,000. For the year, current service cost was $850,000 and interest cost was $580,000. The assets were expected to earn $420,000 while actual return amounted to $480,000. A decrease in discount rate caused the pension obligation to increase by $900,000 above expectations. Brockstone contributed $660,000 to the pension. 

Required:

Prepare the two schedules that would be presented in the notes to reconcile the opening and closing balances of Brockstone’s pension assets and liabilities.