Crane Corp. provides the following information about its post-retirement health-care benefits plan for the year 2020:

Current service cost$203,000

Contribution to the plan47,900

Actual return on plan assets142,200

Benefits paid88,000

Plan assets at January 1, 2020 1,599,200

Defined post-retirement benefit obligation at January 1, 2020, 1,823,800

Discount rate12%

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

Post-retirement benefit expense