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Garner Inc. provides the following information related to its postretirement benefits for the year 2014. Accumulated postretirement benefit obligation at January 1, 2014 $739,500 Actual

Garner Inc. provides the following information related to its postretirement benefits for the year 2014.

Accumulated postretirement benefit obligation at January 1, 2014 $739,500
Actual and expected return on plan assets 37,240
Prior service cost amortization 25,100
Discount rate 12 %
Service cost 89,860

Compute postretirement benefit expense for 2014.

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