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Cullumber Corporation provides the following information about its defined benefit pension plan for the year...

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Accounting

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Cullumber Corporation provides the following information about its defined benefit pension plan for the year 2020: Current service cost $227.500 Contribution to the plan 265,000 Past service cost, effective December 31, 2020 27,500 Actual return on plan assets 160,000 Benefits paid 125,000 Net defined benefit liability at January 1, 2020 402.500 Plan assets at January 1, 2020 1,600,000 2,002,500 Defined benefit obligation at January 1, 2020 Interest/discount rate on the DBO and plan assets 10% Cullumber follows IFRS. Prepare a continuity schedule for 2020 for the defined benefit obligation (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses eg. (451) Cullumber Corporation Continuity Schedule 2020 >

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