Exercise 20-21

Grouper Inc. provides the following information related to its postretirement benefits for the year 2017.

Accumulated postretirement benefit obligation at January 1, 2017	$666,200
Actual and expected return on plan assets	33,700
Prior service cost amortization	21,200
Discount rate	11	%
Service cost	83,400

Compute postretirement benefit expense for 2017.

Postretirement benefit expense

$