Please help me The following information is available for Ivanhoe Corporation's pension plan for the year 2020:Plan assets, January 1, 2020$390,000Actual return on plan assets17,000Benefits paid to retirees40,300Contributions (funding)94,300Discount rate12%Defined benefit obligation, January 1, 2020, accounting basis valuation519,000Service cost66,700Calculate pension expense for the year 2020, assuming that Ivanhoe follows IFRS.Pension expense2$111980 Provide the entries to recognize the pension expense and funding for the year. (Credit account titles are automaticallyindented when the amount is entered. Do not indent manually.)DateAccount Titles and ExplanationDebitCreditDecember 31,2020(To record pension expense and remeasurementloss.)December 31,2020Net Defined Benefit Liability/AssetPension Expenseon fund.)ContributionsPension Contributions PayableCasheTextbook and NRemeasurement Gain - OCIRemeasurement Loss - OCICalculate pension expense for the year 2020, assuming that Ivanhoe follows ASPE, and its accounting policy is to use anaccounting basis valuation for its defined benefit obligation.Pension expense$Provide the entries to recognize the pension expense and funding for the year. (Credit account titles are automaticallyindented when the amount is entered. Do not indent manually.)DateAccount Titles and ExplanationDebitCreditDecember 31, 2020(To record pension expense.)December 31, 2020Pension ExpenseCashon fund.)Pension Contributions PayableNet Defined Benefit Liability/AssetContributionseTextbook and Me

Pension expense is the amount that a company charges to expense in relation to its responsibilities…

The following information is available for Ivanhoe Corporation's pension plan for the year 2020: Plan assets, January 1, 2020 $390,000 Actual return on plan assets 17,000 Benefits paid to retirees 40,300 Contributions (funding) 94,300 Discount rate 12% Defined benefit obligation, January 1, 2020, accounting basis valuation 519.000 Service cost 66,700 Calculate pension expense for the year 2020, assuming that Ivanhoe follows IFRS. Pension expense 2$ 111980