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Postretirement Benets Peyton Approved has revised its postretirement plan. It will now provide health insurance to retired emplovees. Management has requested that you report the

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Postretirement Benets Peyton Approved has revised its postretirement plan. It will now provide health insurance to retired emplovees. Management has requested that you report the short- and long-te rm nancial implications of this. I The cpmpanillir is currently.r employing EU. and actuaries estimate that the co mpan'h.r has a pension liability of $10?.41.?. I The estimated cost of retired employees\" health insurance is 343;?1331. I Prepare adjusting entries for the pension liabilitv and iiie healiii insurance Eiahilitv

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