Exercise 17-27 Postretirement benefits; components of postretirement benefit expense (LO17-11] Data pertaining to the postretirement health care benefit plan of Sterling Properties include the following for 2018: ($ in wees) $ 142 1.es 50 Service cost Accumulated postretirement benefit obligation, January 1 Plan assets (fair value), January 1 Prior service cost-AOCI Net gain-AOCI (2018 amortization, $1) Retiree benefits paid (end of year) Contribution to health care benefit fund (end of year) Discount rate, 6% Return on plan assets (actual and expected), 18% none 193 91 215 Required: 1. Determine the postretirement benefit expense for 2018. 2. Prepare the appropriate journal entries to record the postretirement benefit expense, funding, and retiree benefits for 2018. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Determine the postretirement benefit expense for 2018. (Amounts to be deducted should be indicated with a minus sign.) ($ in 000s) Postretirement benefit expense 5 0 Required 1 Required 2 > Required 1 Required 2 Prepare the appropriate journal entries to record the postretirement benefit expense, funding, and retiree benefits for 2018. (If no entry is required for a transaction/event, select "No journal entry required in the first account field. Enter you answers in thousands i.e., 200,000 should be entered as 200).) View transaction list Journal entry worksheet Required 1 Required 2 Prepare the appropriate journal entries to record the postretirement benefit expense, funding, and retiree benefits for 2018. (If no entry is required for a transaction/event, select "No journal entry required in the first account field. Enter you answers in thousands i.e., 200,000 should be entered as 200).) View transaction list Journal entry worksheet