E 20-19 (Postretirement Benefit Expense Computation) Kreter Co. provides the following information

about its postretirement benefit plan for the year 2014.

Service cost $ 45,000

Contribution to the plan 10,000

Actual and expected return on plan assets 11,000

Benefi ts paid 20,000

Plan assets at January 1, 2014 110,000

Accumulated postretirement benefi t obligation

at January 1, 2014 330,000

Discount rate 8%

Instructions

Compute the postretirement benefit expense for 2014.