Classified Electronics has an unfunded retiree health care plan. Each of the companys three employees has been with the firm since its inception at the beginning of 2012. As of the end of 2013, the actuary estimates the total net cost of providing health care benefits to employees during their retirement years to have a present value of $72,000. Each of the employees will become fully eligible for benefits after 28 more years of service but arent expected to retire for 35 more years. The interest rate is 6%. E 1720 Pension spreadsheet LO178 E 1721 Determine pension expense; prior service cost LO176, LO177 E 1722 IFRS; prior service cost LO177, LO1712 IFRS E 1723 Classifying accounting changes and errors LO178 E 1724 Postretirement benefits; determine APBO, EPBO LO1710 spi2532X_ch17_1008-1077.indd 1059 pi2532X_ch17_1008-1077.indd 1059 13/01/12 4:22 PM 3/01/12 4:22 PM Confirming Pages 1060 SECTION 3 Financial Instruments and Liabilities Required: 1. What is the expected postretirement benefit obligation at the end of 2013? 2. What is the accumulated postretirement benefit obligation at the end of 2013? 3. What is the expected postretirement benefit obligation at the end of 2014? 4. What is the accumulated postretirement benefit obligation at the end of 2014?