9 Exercise 17-27 (Algo) Postretirement benefits; components of postretirement benefit expense [LO17-11] Data pertaining to the postretirement health care benefit plan of Sterling Properties include the following for 2021 points 10 in thousands) 156 Service cost Accumulated postretirennt benefit obligation, January 1 Plan assets (fair value), January 1 Prior service cost-C eBook Het gain-MOCI (2021 amortization, $3) Hint Ask 01 Prin Husrences Retiree benefits paid (end of year). Contribution to health care benefit fund (end of year) Discount rate, 68 Return on plan assets (actual and expected), 10% Required: 1. Determine the postretirement benefit expense for 2021 1,000 70 110 98 250 2. Prepare the appropriate journal entries to record the (a) postretirement benefit expense, (b) funding, and (c) retiree benefits for 2021 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Determine the postretirement benefit expense for 2021. (Amounts to be deducted should be indicated with a minus sign Enter your answers in thousands.) Check my work 9 Exercise 17-27 (Algo) Postretirement benefits; components of postretirement benefit expense [LO17-11] Data pertaining to the postretirement health care benefit plan of Sterling Properties include the following for 2021 points eBook H Service cost Accumulated postretirement benefit obligation, January 1 Plan assets (fair value), January 1 Prior service cost-AOCI Net gain-AOCI (2021 amortization, $3) Retiree benefits paid (end of year) Contribution to health care benefit fund (end of year) Discount rate, 6 Return on plan assets (actual and expected), 10k ($in thousanda) $ 156 1,000 70 110 250 Ask Print Required: 1. Determine the postretirement benefit expense for 2021. 2. Prepare the appropriate journal entries to record the (a) postretirement benefit expense, (b) funding, and (c) retiree benefits for 2021 Complete this question by entering your answers in the tabs below. References Required 1 Required 2 Determine the postretirement benefit expense for 2021. (Amounts to be deducted should be indicated with a minus sign. Enter your answers in thousands.) Check my work eBook Hint Ask View transaction list Journal entry worksheet BC Record the postretirement benefit expense. Print Note: Enter debits before credits. References Transaction General Journal Debit Credit View general journal Record entry Clear entry Required: 1. Determine the postretirement benefit expense for 2021. 2. Prepare the appropriate journal entries to record the (a) postretirement benefit expense, (b) funding, and (c) retiree benefits for 2021. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Determine the postretirement benefit expense for 2021. (Amounts to be deducted should be indicated with a minus sign. Enter your answers in thousands.) ($ in thousands) Service cost Interest cost Expected return on the plan assets Amortization of prior service cost Postretirement benefit expense $ Required 1 0 Required 2 >