Kreter Co. provides the following information about its postretirement benefit plan for the year 2014.

Service cost $ 45,000 Contribution to the plan 10,000 Actual and expected return on plan assets 11,000 Benefi ts paid 20,000 Plan assets at January 1, 2014 110,000 Accumulated postretirement benefi t obligation at January 1, 2014 330,000 Discount rate 8%

Instructions Compute the postretirement benefit expense for 2014.