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E19.13 (LO 5, 8) (Pension Expense, IFRS and ASPE, Reduced Past Service Costs) The follow- ing information concerns Saverio Corp.'s defined benefit pension plan. Defined benefit obligation, 1/1/20 (before amendment) Plan assets, 1/1/20 Discount rate Annual pension service cost Actual return on plan assets $239,000 155,000 10% 13.000 7,750 On January 1, 2020, the company amended its pension plan, which resulted in a reduction in prior service benefits for current employees. The present value of the reduced benefits is $34,000. Instructions a. Calculate the pension expense that will be reported in net income for 2020 if Saverio applies IFRS. b. Calculate the pension expense that will be reported in net income for 2020 if Saverio applies ASPE. What are the disclosure requirements in this situation