Prince Distribution Incorporated has an unfunded postretirement benefit plan. Medical care and life insurance benefits are provided to employees who render 10 years service and attain age 55 while in service At the end of 2024 , Jim Lukawitz is 41 He was hired by Prince at age 35 (6 years ago) and is expected to retire at age 62 . The expected postretifement benefit obligation for Lukawit at the end of 2024 is $58,000 and $61,000 at the end of 2025 Caiculate the accumulated postretirement benefit obligation at the end of 2024 and 2025 and the service cost for 2024 and 2025.05 pertaining to Lukawitz. Note: Enter your answers in whole dollar amount. Round your final answers to the nearest whole dollar. Southeast Technology provides postretirement health cate benefits to employees. On January 1,2024, the following plan-reiated data were available: - On January 1, 2024, Southeast amends the plan in response to spiraling health care costs. The amendment establishes an annual maxamum of $4,800 for medical benefis that the plan will provide. The actuary determines that the effect of this amendiment is to decrease the APBO by $116,000. Management amortizes peior service cost on a straight-line basis. The interest rate is 10%, The service cost for 2024 is $132,000 Required: 1. Complete the below table to calculote the prior service cost amortization for 2024 2. Complete the below table to calculate the postretirement benefit expense for 2024 . Complete this question by entering your answers in the tabs below. Complete the belaw table to calculate the prior service cost amortization for 2024. Note: Enter your answer in thousands rounded to 1 decimal place (1.e, 5.500 should be entered as 5.5), outheast Technology provides postretirement health care benefits to employees. On January 1, 2024, the following plan-felated data ere avaliable: On January 1, 2024, Southeast amends the plan in response to spiraling health care costs. The amendment establishes an annual maximum of $4,800 for medical benefits that the plan will provide. The actuary determines that the effect of this amendment is to decrease the APBO by $116,000. Management amortizes prior service cost on a straight-line basis. The interest rate is 10%. The service cost for 2024 is $132,000 Required: 1. Complete the below table to calculate the prior service cost amortization for 2024 . 2. Complete the below table to calculate the postretirement benefit expense for 2024 Complete this question by entering your answers in the tabs below. Complete the below table to calculate the postretirement benefit expense for 2024. Note Enter your answer in thousands rounded to 1 decimal place (i.e., 5,500 shovid be entered as 5,5). Amounts to be deducted ohould be indicated with a minus sign
