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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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