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For 2020, Monty Inc. computed its annual postretirement expense as $226,400. Montys contribution to the plan during 2020 was $167,200. Prepare Montys 2020 entry to

For 2020, Monty Inc. computed its annual postretirement expense as $226,400. Montys contribution to the plan during 2020 was $167,200. Prepare Montys 2020 entry to record postretirement expense, assuming Monty has no OCI amounts.

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