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Stockton Labeling Company has a retiree health care plan. Employees become fully eligible for benefits after working for the company eight years. Stockton hired Misty
Stockton Labeling Company has a retiree health care plan. Employees become fully eligible for benefits after working for the company eight years. Stockton hired Misty Newburn on January 1, 2018. As of the end of 2018, the actuary estimates the total net cost of providing health care benefits to Newburn during her retirement years to have a present value of $18,000. The actuary's discount rate is 10% Required Prepare a schedule that shows the EPBO, the APBO, the service cost, the interest cost, and the postretirement benefit expense for each of the years 2018-2025. (Due to rounding 2020 EPBO may not equal total total expense. Do not round intermediate calculations. Round your final answers to nearest whole dollar.) Fraction Interest cost EPBO Earned APBO Service cost 10% Expense 2018 2019 2020 2021 2022 2023 2024 2025 Totals 0
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