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Sunland Corporation is a privately-owned company that uses ASPE. On January 1,2023, Sunland's financial records...

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Accounting

Sunland Corporation is a privately-owned company that uses ASPE. On January 1,2023, Sunland's financial records indicated the
following information related to the company's defined benefit pension plan:
Defined Benefit Obligation $1,310,000
Pension Plan Assets ,1,470,000
Sunland Corporation's actuary provided the following information on December 31,2023:
(a)
Prepare a pension worksheet for Sunland Corporation for 2023.
Balance, January 1,2023
Current Service Cost
Prior Service Cost
Net Interest/Finance Cost
Asset Remeasurement Gain/Loss
Employer Contributions to Pension Fund
Benefits Paid to Retirees from Pension Fund
Defined Benefit Expense Entry -2023
Net Funding Entry
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