Metlock Co. has the following postretirement benefit plan balances on January 1, 2020.

Accumulated postretirement benefit obligation		$2,239,000
Fair value of plan assets		2,239,000

The interest (settlement) rate applicable to the plan is 10%. On January 1, 2021, the company amends the plan so that prior service costs of $177,000 are created. Other data related to the plan are:

		2020			2021
Service costs		$75,000			$85,000
Prior service costs amortization		0			12,000
Contributions (funding) to the plan		45,000			35,000
Benefits paid		41,000			45,000
Actual return on plan assets		142,000			119,000
Expected rate of return on assets		8	%		6	%

1. Prepare a worksheet for the postretirement plan in 2020.

2.Prepare any journal entries related to the postretirement plan that would be needed at December 31, 2020.

3.Prepare a worksheet for 2021

4.Prepare journal entries related to the postretirement plan as of December 31, 2021.

5. Indicate the postretirement-benefitrelated amounts reported in the 2021 financial statements.