Financial Reporting 2 Question 4 (5 marks) Sproget (exham 3) Page 4 Coriander Co. (CC), a public company, has had a defined benefit pension plan for 30 years. Two years ago, CC improved the benefits at a cost of $3,100,000. At July 1, 2020, pension plan assets were $60,000,000, and pension obligations were $50,000,000. For the year ended June 30, 2021, CC's pension plan incurred current service costs of $5,400,000, and the pension assets actually earned $4,400,000. There were NO actuarial gains or losses for the year ended June 30, 2021. CC's discount rate is 8%. Required: ael jolos ert sol siwe yd bes Calculate CC's pension expense for the year ended June 30, 2021, and prepare the journal entries for its pension plan during this period