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Buttler Limited sponsors a defined benefit pension plan and follows ASPE The corporation's actuary provides...

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Buttler Limited sponsors a defined benefit pension plan and follows ASPE The corporation's actuary provides the following information about the plan (in thousands of dollars) December 31, 2019 December 31, 2020 Defined benefit obligation accounting basis 1,360 2,004 Plan assets (fair value) 2,240 1,999 Interest/discount rate 8% 11% Net defined benefit liability/asset Past service cost, plan amendment, effective January 2, 2020 350 320 Service cost for the year 2020 Contributions (July 1, 2020) 600 150 Benefits paid in 2020 ? I Required: a. Prepare a continuity schedule of the defined benefit obligation and plan asset for 2020. (12 marks) b. Prepare the pension-related entries made by the company during 2020. (5 marks) c. Prepare SFP extracts showing how the amounts relating to the above pension plan will be presented for December 31, 2019 & December 31, 2020

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