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Cullumber Corporation sponsors a defined benefit pension plan and reports under IFRS....

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Accounting

Cullumber Corporation sponsors a defined benefit pension plan and reports under IFRS. On January 1,2023, the company reported
plan assets of $2,400 and a defined benefit obligation of $2,500(all amounts in thousands of dollars). During 2023, the current service
cost was determined to be $216, the discount rate on the DBO and plan assets was 6%, and the actual return on the plan assets
year was $132. Cullumber made contributions of $221 into the plan at the end of the year and the benefits paid amounted
The plan was amended effective December 31,2023, with the cost of the past service benefits granted being $96.
Determine the deficit of the pension plan at January 1,2023, and calculate its December 31,2023 deficit balance directly, by
identifying which 2023 pension events increased the deficit, which decreased it, and which had no effect. (Enter answer in thousands of
dollars. Round answer to 0 decimal places, e.g.5,275.)
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