Southeast technology provides postretirement health care benefits to employees. On January 1, 2024, the following plan-related data were available: Prior service cost-originated in 2019 Accumulated postretirement benefit obligation Fair value of plan assets Average remaining service period to retirement Average remaining service period to full eligibility Required: ($ in thousands) $50

Exercise 17-30 (Static) Postretirement benefits; negative plan amendment [LO17-11] Southeast Technology provides postretirement health care benefits to employees. On January 1. 2024, the following plan-related data were available: On January 1, 2024. Southeast amends the plan in response to spiraling health care costs. The amendment establishes an annual maximum of $3.000 for medical benefits that the plan will provide. The actuary determines that the effect of this amendment is to decrease the APBO by $80,000. Management amortizes prior service cost on a straight-line basis. The interest rate is 8%. The service cost for 2024 is $114,000. 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. Note: Enter your answers in the prior service cost amortization for 2024. Note: Enter your answers in thousands (i.e., 10,000 should be entered as 10). Complete the below table to calculate the postretirement benefit expense for 2024 . Note: Enter your answers in thousands (i.e., 10,000 should be entered as 10). Amounts to be deducted should be indicated with a minus sign