Gurung Co$.$ has a noncontributory, defined benefit pension plan adopted on $1$ January $20$X$5.$ On $31$ December $20$X$5,$ the following information is available:

Fchiccounting purposes

Interest rate used for pension amounts, $5\%.$

Past service cost, granted as of $1$ January $205,$$$280,000.$ This is also the defined benefit obligation on $1$ January.

Current service cost for $205,$ appropriately measured for accounting purposes, $$75,000.$

For funding purposes

Funding was $$103,500$ in $205$ for all pension amounts. The payment was made on $31$ December.

Actual earnings on fund assets, zero.

Required:

Prepare a pension spreadsheet that summarizes relevant pension data for $205.$

$\backslash$table$[[,\backslash$table$[[$Pension$],[$Obligation$]],$Plan Assets,$\backslash$table$[[$Pension$],[$Expense$]],\backslash$table$[[$Net Pension$],[$Asset$/$Liab$.]],\backslash$table$[[$Accumulated$],[$OCI$]]],[20$X$5,,,,,],[$Beginning $-$ PSC$,,,,,],[$CSC$,,,,,],[$Interest$,,,,,],[,,,,,],[$Funding$,,,,,],[,,,,,]]$

Prepare a pension spreadsheet that summarizes relevant pension data for $206.$ The following facts relate to $206$ :

Prepare a pension spreadsheet that summarizes relevant pension data for $206.$ The following facts relate to $206$ :

Current service cost for accounting was $$112,000.$

A plan amendment on $1$ January resulted in a past service cost of $$48,000$ being granted.

Total funding of the pension plan was $$126,000,$ on $31$ December $206.$

Actual return on fund assets was $$9,700.$

An actuarial revaluation was done to reflect new information about expected turnover rates in the employee population. This resulted in a $$43,000$ increase in the defined benefit obligation, as of $31$ December $206.$

$\backslash$table$[[,\backslash$table$[[$Pension$],[$Obligation$]],$Plan Assets,$\backslash$table$[[$Pension$],[$Expense$]],\backslash$table$[[$Net Pension$],[$Asset$/$Liab$.]],\backslash$table$[[$Accumulated$],[$OCI$]]],[20x6,,,,,],[$Opening$,,,,,],[$CSC$,,,,,],[$Net interest,,,,,$],[$PSC $($new$),,,,,],[$Actuarial gains $/$ losses,,,,,$],[$Revaluation$,,,,,],[,,,,,],[$Funding$,,,,,],[,,,,,]]$