Problem $3-14$ marks $($suggested time: $25$ minutes$)$

Lafferty Limited sponsors a defined benefit pension plan for its employees. The fiscal year end is

December $31.$ An appropriate interest rate for long$-$term debt is $6\%.$ Information with respect to

the plan for the $2023$ fiscal year is as follows:

Required:

Compute the defined benefit obligation as at December $31,2023.(6$ marks$)$

Compute the pension plan assets as at December $31,2023.(4$ marks$)$

Compute the OCI: Pension as at December $31,2023.(3$ marks$)$

$4$ Did the employee turnover rate increase or decrease to cause a change in the actuarial gain?

$(1$ mark$)$

SHOW ALL YOUR WORK in EXCEL and clearly label all components, including each

Required $($e$.$g$.,$ Req. $1,$ Req. $2).$ You may receive a mark of zero if you do not show your work.

You will only receive part marks for items that are clearly labeled.