Range Co. offers a postretirement benefit plan. Range estimates the following benefit payments for Reg Vick after he retires on January 1, 2024: 2024 and 2025,

$18,200 per year; 2026, $32,100; 2027 through 2029, $25,800 per year. Assume end- of-year payments.

On December 31, 2016, Vick has completed 12 of his 16 years of eligibility. The discount rate is 5.15%. The plan is unfunded (no plan assets). Use the following present value factors for a lump sum payment of $1 at 5.15% for n periods:

0.951	1		0.740	6		0.576	11		0.448	16		0.348	21
0.904	2		0.704	7		0.547	12		0.426	17		0.331	22
0.860	3		0.669	8		0.521	13		0.405	18		0.315	23
0.818	4		0.636	9		0.495	14		0.385	19		0.300	24
0.778	5		0.605	10		0.471	15		0.366	20		0.285	25

Answer the following for Vicks benefits (WATCH THE DATES!):

1. Service cost for2017