Gorky$-$Park Corporation provides postretirement health care benefits to employees who provide at least $12$ years of service and reach

age $62$ while in service. On January $1,2024,$ the following plan$-$related data were available:

Accumulated postretirement benefit obligation

Fair value of plan assets

Average remaining service period to retirement

None

Average remaining service period to full eligibility

$25$ years $($same in previous $10$ years$)$

$20$ years $($same in previous $10$ years$)$

On January $1,2024,$ Gorky$-$Park amends the plan to provide certain dental benefits in addition to previously provided medical benefits.

The actuary determines that the cost of making the amendment retroactive increases the APBO by $$20$ million. Management chooses

to amortize the prior service cost on a straight$-$line basis. The service cost for $2024$ is $$38$ million. The interest rate is $9\%.$

Required:

Calculate the postretirement benefit expense for $2024.$

Prepare the journal entry to record the expense.

Complete this question by entering your answers in the tabs below.

Required $1$

Calculate the postretirement benefit expense for $2024.$

Note: Enter your answers in millions rounded to $1$ decimal place $($i$.$e$.,5,500,000$ should be entered as $5\mathrm{.}5).$