The following defined benefit pension data of Dahl Corp. apply to the year 2017:

The company applies ASPE and has made an accounting policy choice to base its actuarial valuation of the DBO on the funding basis.
Instructions
(a) Prepare a continuity schedule for the DBO for 2017.
(b) Prepare a continuity schedule for the plan assets for 2017.
(c) Calculate pension expense for 2017 and prepare the entry to record the expense.
(d) Calculate the balance of the net defined benefit liability/asset at December 31, 2017.
(e) Identify the plan's surplus or deficit at December 31, 2017. Compare it with the balance of the pension asset or liability reported on the balance sheet at the same date.
(f) Identify what disclosures are required for pension expense on the income statement, and briefly explain why these disclosures are required.

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Defined benefit obligation, funding basis, 1/1/17 (before amendment) Plan assets, 1/1/17 Net defined benefit liability, 1/1/17 On January 1, 2017, Dahl Corp., through plan amendment, granted prior service $420,000 409,650 10,350 benefits having a present value of Interest/discount rate Annual pension service cost Contributions (funding) Actual return on plan assets Benefits paid to retirees 60,000 9% 43,500 41,250 39,210 35,000