Question Ch$\mathrm{.}19$ thank you $!!$

Alberta co$.$ provides a defined benefit pension plan to its employees, and it account for it under IFRS.

Dec $31,2021$ the plan reports:

Plan Assets $ $475,000$ Defined benefit obligations $ $500,000$

Dec $31,2022$ there is amendment to the pension plan result in credit for previous years of service for some of Alberta employees. The credit is recognized and credited to the obligation on the same day of the amendment.

Other data relating to $2022$ and $2023$:

$20222023$

Past service cost $ $6,250$ $ $0\mathrm{.}00$

Current service cost $ $56,250$ $$50,000$

Contributions to the plan $ $45,625$ $$25,000$

Actual return on plan assets $ $40,000$ $$60,563$

Benefit paid to retirees $ $25,000$ $$30,000$

Discount and expected rate of return $10\%10\%$

Required:

Using the continuity schedules $($or use the attached worksheet instead$)$ answer the following questions:

$1-$ Calculate the plan funded status on Jan $1,2021,$ Dec $312022$ and Jan $12023$

$2-$ Calculate the projected defined benefit obligation $($DBO$)$ at Dec $31,2022$ & $2023$

$3-$ Calculate the Plan asset fair value at Dec $312022$ & $2023$

$4-$ Calculate the $2022$ & $2023$ pension expense.

$5-$ Prepare the journal entries to record the pension expenses and the plan contributions. For $2022$ & $2023$