Pharoah Corp. provides the following information about its postretirement health-care benefit plan for the year 2020:

Current service cost		$203,000
Contribution to the plan		48,100
Actual return on plan assets		142,600
Benefits paid		98,000
Plan assets at January 1, 2020		1,597,900
Defined postretirement benefit obligation at January 1, 2020		1,823,200
Discount rate		11%

(a)

Assuming Opsco follows IFRS, calculate the post-retirement benefit expense for 2020.

Postretirement benefit expense

$

Prepare all required journal entries related to the post-retirement benefit plan that were made by the company in 2020. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.)

Date	Account Titles and Explanation	Debit	Credit
December 31, 2020
	(To record post-retirement benefit expense.)
December 31, 2020
	(To record remeasurement loss.)
December 31, 2020
	(To record contribution to the pension fund.)