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Exercise 17-27 (Algo) Postretirement benefits; components of postretirement benefit expense [LO17-1 Data pertaining to the postretirement health care benefit plan of Stering Properties include the

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Exercise 17-27 (Algo) Postretirement benefits; components of postretirement benefit expense [LO17-1 Data pertaining to the postretirement health care benefit plan of Stering Properties include the following for 2021 Required: 1. Determine the postretirement benefit expense for 2021 2. Prepare the appropriate journal entries to record the (a) postretirement benefit expense, (b) funding. and (c) retiree benefits Complete this question by entering your answers in the tabs below. Determine the postretirement benent expense for 2021. (Amounts to be deducted should be indicated with a minus sign. Enter your answers in thousands.)

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