Carla Vista Corp. provides the following information about its postretirement health-care benefit plan for the year 2020:

Current service cost		$204,500
Contribution to the plan		47,550
Actual return on plan assets		141,800
Benefits paid		88,000
Plan assets at January 1, 2020		1,598,400
Defined postretirement benefit obligation at January 1, 2020		1,823,900
Discount rate		11%

Assuming Opsco follows IFRS, calculate the post-retirement benefit expense for 2020.

Postretirement benefit expense

$

Prepare all required journal entries related to the post-retirement benefit plan that were made by the company in 2020.

Date	Account Titles and Explanation	Debit	Credit
December 31, 2020	Post-Retirement Benefit ExpenseNet Retirement Benefit Liability/AssetContributionsCashRemeasurement Loss (OCI)
	ContributionsCashRemeasurement Loss (OCI)Net Retirement Benefit Liability/AssetPost-Retirement Benefit Expense
	(To record post-retirement benefit expense.)
December 31, 2020	Net Retirement Benefit Liability/AssetPost-Retirement Benefit ExpenseContributionsCashRemeasurement Loss (OCI)
	ContributionsNet Retirement Benefit Liability/AssetRemeasurement Loss (OCI)Post-Retirement Benefit ExpenseCash
	(To record remeasurement loss.)
December 31, 2020	Post-Retirement Benefit ExpenseCashRemeasurement Loss (OCI)ContributionsNet Retirement Benefit Liability/Asset
	CashRemeasurement Loss (OCI)Post-Retirement Benefit ExpenseContributionsNet Retirement Benefit Liability/Asset
	(To record contribution to the pension fund.)

Assuming Opsco follows ASPE, calculate the post-retirement benefit expense for 2020.

Postretirement benefit expense

$

Prepare all required journal entries related to the post-retirement benefit plan that were made by the company in 2020.

Date	Account Titles and Explanation	Debit	Credit
December 31, 2020	Net Retirement Benefit Liability/AssetRemeasurement Loss (OCI)ContributionsPost-Retirement Benefit ExpenseCash
	CashContributionsPost-Retirement Benefit ExpenseRemeasurement Loss (OCI)Net Retirement Benefit Liability/Asset
	(To record post-retirement benefit expense.)
December 31, 2020	ContributionsRemeasurement Loss (OCI)CashNet Retirement Benefit Liability/AssetPost-Retirement Benefit Expense
	Remeasurement Loss (OCI)ContributionsCashPost-Retirement Benefit ExpenseNet Retirement Benefit Liability/Asset
	(To record contribution to the pension fund.)