Exercise 20-19

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

Service cost$46,500Contribution to the plan9,300Actual and expected return on plan assets9,900Benefits paid18,700Plan assets at January 1, 2017115,800Accumulated postretirement benefit obligation at January 1, 2017297,700Discount rate10%

Compute the postretirement benefit expense for 2017.

Postretirement benefit expense$