(Postretirement Benefit Expense Computation) Marvelous Marvin Co. provides the following information about its postretirement benefit plan for the year 2011.

Service cost $ 90,000 Prior service cost amortization 3,000 Contribution to the plan 16,000 Actual and expected return on plan assets 62,000 Benefits paid 40,000 Plan assets at January 1, 2011 710,000 Accumulated postretirement benefit obligation at January 1, 2011 810,000 Accumulated OCI (PSC) at January 1, 2011 100,000 Dr.

Discount rate 9%

Instructions Compute the postretirement benefit expense for 2011.