Sandhill Corporation provides the following information about its defined benefit pension plan for the year 2023: Current service cost $225,200 Contribution to the plan 263,150 Past service cost, effective December 31, 2023 25,650 Actual return on plan assets 159,750 Benefits paid 104,300 Net defined benefit liability at January 1, 2023 424,500 Plan assets at January 1, 2023 1,597,500 Defined benefit obligation at January 1, 2023 2,022,000 Interest/discount rate on the DBO and plan assets 10% Sandhill follows IFRS. Prepare a pension work sheet. SANDHILL CORPORATION Pension Work Sheet—2023 General Journal Entries Annual Deficit Benefit Expense Cash Net Def. Benefit Liab/Asset Balance, 01/01/2023 $ $ $ Current service cost Past service cost Net interest/finance cost Contributions Benefits paid Expense
Sandhill Corporation provides the following information about its defined benefit pension plan for the year 2023: Current service cost $225,200 Contribution to the plan 263,150 Past service cost, effective December 31, 2023 25,650 Actual return on plan assets 159,750 Benefits paid 104,300 Net defined benefit liability at January 1, 2023 424,500 Plan assets at January 1, 2023 1,597,500 Defined benefit obligation at January 1, 2023 2,022,000 Interest/discount rate on the DBO and plan assets 10% Sandhill follows IFRS. Prepare a pension work sheet. SANDHILL CORPORATION Pension Work Sheet—2023 General
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