Caroni Ltd has a defined benefit pension plan for its employees. In $2016,$ the following actuarial report was received for the defined benefit plan:

$2016/$$

Present value of the defined benefit obligation $31$ December $2015$

$10000000$

Net interest

$?$

Current service cost

$1150000$

Benefits paid

$1200000$

Actuarial gain$/$loss on DBO

$?$

Present value of the defined benefit obligation $31$ December $2016$

$10750000$

Fair value of plan assets at $31$ December $2015$

$9500000$

Return on plan assets

$?$

Contributions paid to the plan during the year

$1000000$

Benefits paid by the plan during the year

$1200000$

Fair value of plan assets at $31$ December $2016$

$10047500$

Additional information

$($a$)$ All contributions received by the plan were paid by Caroni Ltd$.$

$($b$)$ The interest rate used to measure the present value of the defined benefit obligation was $9\%$ at $31$ December $2015$ and $31$ December $2016.$

$($c$)$ The asset ceiling was nil at $31$ December $2015$ and $31$ December $2016.$

Requirements:

a$)$

Determine the surplus or deficit of Caroni Ltd$.$s defined benefit plan at $31$ December $2016.$

b$)$

Determine the net defined benefit asset or liability that should be recognized by Caroni Ltd at $31$ December $2016$

c$)$

Calculate the net interest for $2016$

d$)$

Calculate the actuarial gain or loss for the defined benefit obligation for $2016$

e$)$

Calculate the return on plan assets, excluding any amount recognized in net interest for $2016$

f$)$

Prepare a pension worksheet for the period ended December $312016$

g$)$

Prepare the journal entries to account for the defined benefit pension plan in the books of Caroni Ltd for the year ended December $312016$