Englehart Co. provides the following information about its post-retirement benefit plan for the year 2020.

Service cost.........................................................................................................$ 90,000
Prior service cost amortization..............................................................................3,000
Contribution to the plan.......................................................................................56,000
Actual and expected return on plan assets.......................................................62,000
Benefits paid..........................................................................................................40,000
Plan assets at January 1, 2020...........................................................................710,000
Accumulated post-retirement benefit obligation at January 1, 2020...........760,000
Accumulated OCI (PSC) at January 1, 2020......................................................100,000 Dr.
Discount rate................................................................................................................9%

Instructions

Compute the post-retirement benefit expense for 2020.