Brown Industries provides postretirement health care benefits to employees. On January 1 of the current calendar year, the following data were available. Prior service cost APBO Fair value of plan assets Average remaining service period to retirement Average remaining service period to full eligibility $ 55,000 $530,000 none 25 years 20 years Management amortizes prior service cost on a straight-line basis. The interest rate is 10%. Service cost for the current year is $100,000 Required: 1. Calculate the prior service cost amortization for the current year. 2. Calculate the postretirement benefit expense for the current year. 3. Prepare the entry to record the postretirement benefit expense for the current year Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Calculate the prior service cost amortization for the current year. Prior service cost Can norint fed alibi Fair value of plan assets Average remaining service period to retirement Average remaining service period to full eligibility mone 25 years 20 years Management amortizes prior service cost on a straight line basis. The interest rate is 10%. Service cost for the current year is $100,000. Required: 1. Calculate the prior service cost amortization for the current year 2. Calculate the postretirement benefit expense for the current year 3. Prepare the entry to record the postretirement benefit expense for the current year. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Calculate the prior service cost amortization for the current year Prior service cost Service period to full eligibility Amortization amount Required Required 2 > Management amortizes prior service cost on a straight-line basis. The interest rate is 10% Service cost for the current vers Required: 1. Calculate the prior service cost amortization for the current year. 2. Calculate the postretirement benefit expense for the current year 3. Prepare the entry to record the postretirement benefit expense for the current year Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Calculate the postretirement benefit expense for the current year. Return on plan assets Postretirement benefit expense Required 1 Required 2 Required 3 Prepare the entry to record the postretirement benefit expense for the current year. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record the postretirement benefit expense for the current year. Note: Enter debits before credits Transaction General Journal Debit Credit