Question 1: (10 marks Open with The following information relates to the defined benefit plan of Company X for the year to 31 Decembe 20x6. $000 At 1 January 20x6: Fair value of the plan assets 900 Present value of the plan obligations 1,850 During 20x6: $000 Current service cost 90 150 Contributions paid into the plan Benefits paid out by the plan 60 Actuarial assumptions: Discount rate 10% New actuarial valuation at 31 December 20x6: $000 Fair value of the plan assets 850 Present value of the plan obligations 1,960 Construct a journal to show the movement on the defined benefit account