Cullumber Inc. provides the following information related to its post-retirement health-care benefits for the year 2020:

Defined postretirement benefit obligation at January 1, 2020		$118,000
Plan assets, January 1, 2020		44,600
Actual return on plan assets, 2020		4,000
Discount rate		11%
Service cost, 2020		56,900
Plan funding during 2020		23,000
Payments from plan to retirees during 2020		7,100
Actuarial loss on defined post-retirement benefit obligation, 2020 (end of year)		27,600

Cullumber Inc. follows IFRS.

Calculate the postretirement benefit expense for 2020.

Postretirement benefit expense 2020

$enter the Postretirement benefit expense in dollars

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Calculate the post-retirement benefit remeasurement gain or lossother comprehensive income (OCI) for 2020.

Post-retirement benefit remeasurement select an option lossgain (OCI)

$enter the Post-retirement benefit remeasurement in dollars

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Determine the December 31, 2020 balance of the plan assets, defined post-retirement benefit obligation, and the plan surplus or deficit.

Plan assets, 12/31/20		$enter a dollar amount
Defined post-retirement benefit obligation		$enter a dollar amount
Plan select an option deficitsurplus		$enter a dollar amount

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Determine the balance of the net postretirement benefit liability/asset account on the December 31, 2020 SFP.

Net postretirement benefit select an option assetliability

$enter a dollar amount

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Is there a need to reconcile the plan surplus or deficit with the amount reported on the SFP at December 31, 2020? select an option NoYes