Headland Co. provides the following information about its postretirement benefit plan for the year 2020.

Service cost		$96,000
Prior service cost amortization		2,900
Contribution to the plan		54,700
Actual and expected return on plan assets		56,200
Benefits paid		42,600
Plan assets at January 1, 2020		701,700
Accumulated postretirement benefit obligation at January 1, 2020		745,500
Accumulated OCI (PSC) at January 1, 2020		93,500	Dr.
Discount rate		9	%

Prepare a worksheet inserting January 1, 2020, balances, showing December 31, 2020, balances, and the journal entry recording postretirement benefit expense. (Enter all amounts as positive.)

HEADLAND CO. Postretirement Benefit Worksheet-2020 General Journal Entries OCI-Prior Service Cost Memo Record Annual Postretirement Expense Postretirement Asset/ Liability Items Cash APBO Plan Assets Balance, Jan. 1, 2020 Service cost Interest cost Actual return Contributions Benefits Amortization of PSC Journal entry for 2020 Accumulated OCI, Dec. 31, 2019 $ Balance, Dec. 31, 2020