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please help Data pertaining to the postretirement health care benefit plan of Sterling Properties include the following for 2021: 9 ($ in thousands) $ 128
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Data pertaining to the postretirement health care benefit plan of Sterling Properties include the following for 2021: 9 ($ in thousands) $ 128 900 80 0.83/1 points awarded none Service cost Accumulated postretirement benefit obligation, January 1 Plan assets (fair value), January 1 Prior service cost-AOCI Net gain-AOCI (2021 amortization, $2) Retiree benefits paid (end of year) Contribution to health care benefit fund (end of year) Discount rate, 7% Return on plan assets (actual and expected), 10% 96 84 180 Scored eBook Required: 1. Determine the postretirement benefit expense for 2021. 2. Prepare the appropriate journal entries to record the (a) postretirement benefit expense, (b) funding, and (c) retiree benefits for 2021. Print Complete this question by entering your answers in the tabs below. References Required 1 Required 2 Determine the postretirement benefit expense for 2021. (Amounts to be deducted should be indicated with a minus sign. Enter your answers in thousands.) Service cost Interest cost Expected return on the plan assets Amortization of net gain Postretirement benefit expense (S in thousands) $ 128 63 8 X 2x 201 $ Required Required 2 > *Red text indicates no response was expected in a cell or a formula-based calculation is incorrect; no points deductedStep by Step Solution
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