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Banc Six Corp. provides the following information related to its postretirement benefits for the year 2017. Accumulated postretirement benefit obligation at January 1, 2017 $1,159,000

Banc Six Corp. provides the following information related to its postretirement benefits for the year 2017.

Accumulated postretirement benefit obligation at January 1, 2017

$1,159,000

Actual and expected return on plan assets

2,500

Unrecognized prior service cost amortization

106,000

Discount rate

6%

Service cost

121,000

Instruction: Compute postretirement benefit expense for 2017.

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