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Crane Enterprises Ltd. provides the following information about its defined benefit pension plan:...

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Accounting

Crane Enterprises Ltd. provides the following information about its defined benefit pension plan:

Balances or Values at December 31, 2023
Defined benefit obligation $2,409,000
Vested benefit obligation 1,448,350
Fair value of plan assets 2,004,930
Other pension plan data:
Current service cost for 2023 83,000
Actual return on plan assets in 2023 114,000
Return on plan assets in 2023 using discount rate 154,600
Interest on January 1, 2023 defined benefit obligation 223,000
Funding of plan in 2023 81,250
Benefits paid 123,000

(a)

Calculate the January 1, 2023 balances for the pension-related accounts if Crane follows IFRS.

Defined benefit obligation

 $enter a dollar amount

Fair value of plan assets

 $enter a dollar amount

Net defined benefit select an option assetl iability

 $enter a dollar amount

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