Required:

1.Compute the OPRB expense for 2016 if the company used the average remaining service life to amotize the prior service cost.

2. Prepare all the required journal entries for 2016 if the plan is not funded.

ok Show Me How B Calculator Print Item ccounting for an OPRB Plan ccounts General Journal Analysis ons On January 1,2016, Flash and Dash Company adopted a healthcare plan for its retired employees. To determine eligibility for benefits, the company retroaclively gives credit to the date of hire for each employee. The following information is available about the plan Service cost Accumulated postretirement benelit obligation (1/1/16) Expected return on plan assets $32,100 104,000 Amortization of Prior service cost Payments to retired employees during 2016 Interest rate Average remaining service period of active plan partoipants (1/1/16) 13 years 8,000 5,010 10% Required: ok Show Me How B Calculator Print Item ccounting for an OPRB Plan ccounts General Journal Analysis ons On January 1,2016, Flash and Dash Company adopted a healthcare plan for its retired employees. To determine eligibility for benefits, the company retroaclively gives credit to the date of hire for each employee. The following information is available about the plan Service cost Accumulated postretirement benelit obligation (1/1/16) Expected return on plan assets $32,100 104,000 Amortization of Prior service cost Payments to retired employees during 2016 Interest rate Average remaining service period of active plan partoipants (1/1/16) 13 years 8,000 5,010 10% Required