Englehart Co. provides the following information about its postretirement benefit plan for the year 2017.

Service Cost $90,000

Prior service cost and amortization 3,000

Contribution to the plan 56,000

Actual and expected return on plan assets 62,000

Benefits paid 40,000

Plan assets at January 1, 2017 710,000

Accumulated postretirement benefit obligation

at January 1, 2017 760,000

Accumulated OCI (PSC) at January 1, 2017 100,000 Dr.

Discount rate 9%

Instructions

Compute the postretirement benefit expense for 2017.