(Postretirement Benefit Expense Computation) Chance Inc. provides the following information related to its postretirement benefits for the year 2012.

Instructions Compute postretirement benefit expense for 2012.

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Accumulated postretirement benefit obligation at January 1, 2012 $810,000 Actual and expected return on plan assets 34,000 Prior service cost amortization 21,000 Discount rate 10% Service cost 88,000