Clemons Co. has the following postretirement benefit plan balances on January 1, 2017. Accumulated postretirement benefit obligation $1,400,000 Fair value of plan assets 1,400,000 2017 2018 Service costs $60,000 $66,000 Prior service costs amortization 0 44,000 Contributions (funding) to the plan 30,000 62,000 Benefits paid 28,000 50,000 Actual return on plan assets 60,000 70,000 Expected rate of return 4% 5% The interest (settlement) rate applicable to the plan is 6%. On January 1, 2018, the company amends the plan so that prior service costs of $400,000 are created. Other data related to the plan are:

Instructions Prepare a worksheet for the postretirement plan in 2017. Prepare any journal entries related to the postretirement plan that would be needed at December 31, 2017. Prepare a worksheet for 2018 and any journal entries related to the postretirement plan as of December 31, 2018. Indicate the postretirement-benefit-related amounts reported in the 2018 financial statements.