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1. The following information is related to the postretirement benefits plan of Henry, Inc. for 2018: Service cost $ 320,000 Discount rate 8% APBO, January

1. The following information is related to the postretirement benefits plan of Henry, Inc. for 2018:

Service cost $ 320,000

Discount rate 8%

APBO, January 1, 2018 2,500,000

EPBO, January 1, 2018 2, 700,000

Actual return on plan assets in 2018 104,000

Expected return on plan assets in 2018 95,600

Amortization of PSC, due to benefit increase 107,200

Contributions (funding) 400,000

Benefit payments 208,000

Required: Compute the amount of postretirement expense for 2018.

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