Kreter Concepts provides the following information about its postretirement benefit plan for the year 2022.

Service cost ................................................................... 45,000
Contribution to the plan ............................................. 10,000
Actual return on plan assets (at 8%) ............................ 8,800
Benefits paid ................................................................. 20,000
Plan assets at January 1, 2022 .................................. 110,000
Defined postretirement benefit obligation at January 1,
2022 .............................................................................. 330,000
Discount (interest) rate ........................................................ 8%

Instructions

Compute the postretirement benefit expense for 2022.