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Easton Corporation reports the following January 1, 2017 balances for its defined benefit pension plan: Plan assets: $460,000 Defined benefit obligation: $460,000. Other data relating to three years of operation of the plan are as follows: Annual service cost Discount rate Actual return on plan assets Funding of current service cost Funding of past service cost Benefits paid Past service cost (plan amended, 1/1/18) Change in actuarial assumptions establishes a December 31, 2019 defined benefit obligation of 2017 2018 2019 $36,800 $ 43,700$ 59,800 10% 10% 10% 39,100 50,370 55,200 36,800 43,700 59,800 69,000 80,500 32,200 37,720 48,300 368,000 1,196,000 Required: 1. Prepare and complete a pension work sheet for 2017, 2018, and 2019, assuming that Easton reports under IFRS. 2. Prepare a continuity schedule of the projected benefit obligation over the three-year period. 3. Prepare a continuity schedule of the plan assets over the three-year period. 4. Determine the pension expense for each of 2017, 2018, and 2019. 5. Prepare the journal entries to reflect the pension plan transactions and events for each year. 6. Prepare a schedule reconciling the pension plan's surplus or deficit with the pension amounts reported on the statement of financial position over the three- year period. 7. Had Easton reported under ASPE, how would its pension accounting been different? (Hint: how would the pension expense for each of 2017, 2018, and 2019 have been different?)

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