b) Giorna Bhd. runs a defined benefit pension plan for its employees. The present value of the plan's assets on 1 January 2021 was RM5,000,000 with pension plan obligations of RM4,000,000. You have been supplied with the following information. Accounting year 1/1/21 31/12/21 9% RM265,000 Discount rate Benefits paid Current service cost Contributions paid Fair value of plan assets at the end of the year Present value of benefit obligations at the end of the year Required: RM102,000 RM175,000 RM3,300,000 RM4,800,000 Describe the nature of a defined benefit plan and prepare the relevant entries concerning the pension plan that would appear in the Statement of Comprehensive Income and the Statement of Financial Position for the year ending 31 December 2021.