View Policies Current Attempt in Progress The following information is available for Carla Vista Corporation's pension plan for the year 2020: $390,000 17,000 40,400 Plan assets, January 1, 2020 Actual return on plan assets Benefits paid to retirees Contributions (funding) Discount rate Defined benefit obligation, January 1, 2020, accounting basis valuation 93,900 11% 51 00 Service cost 65,300 Calculate pension expense for the year 2020, assuming that Carla Vista follows IFRS. Pension expense $ Provide the entries to recognize the pension expense and funding for the year. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit Date December 31, 2020 (To record pension expense and remeasurement loss.) December 31, 2020 (To record contributions to the pension fund.) e Textbook and Media Calculate pension expense for the year 2020, assuming that Carla Vista follows ASPE, and its accounting policy is to use an accounting basis valuation for its defined benefit obligation Pension expense Provide the entries to recognize the pension expense and funding for the year. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit Date December 31, 2020 (To record pension expense.) December 31, 2020 (To record contributions to the pension fund.) e Textbook and Media