Sunland Inc. provides the following information related to its post-retirement health-care benefits for the year 2020:

Defined postretirement benefit obligation at January 1, 2020		$114,000
Plan assets, January 1, 2020		45,800
Actual return on plan assets, 2020		4,000
Discount rate		11%
Service cost, 2020		56,200
Plan funding during 2020		22,200
Payments from plan to retirees during 2020		6,200
Actuarial loss on defined post-retirement benefit obligation, 2020 (end of year)		26,300

Sunland Inc. follows IFRS.

Calculate the postretirement benefit expense for 2020.

Postretirement benefit expense 2020

$enter the Postretirement benefit expense in dollars

Calculate the post-retirement benefit remeasurement gain or lossother comprehensive income (OCI) for 2020.

Post-retirement benefit remeasurement select an option lossgain (OCI)

$enter the Post-retirement benefit remeasurement in dollars

Determine the December 31, 2020 balance of the plan assets, defined post-retirement benefit obligation, and the plan surplus or deficit.

Plan assets, 12/31/20		$enter a dollar amount
Defined post-retirement benefit obligation		$enter a dollar amount
Plan select an option deficitsurplus		$enter a dollar amount

Determine the balance of the net postretirement benefit liability/asset account on the December 31, 2020 SFP.

Net postretirement benefit select an option assetliability

$enter a dollar amount

Is there a need to reconcile the plan surplus or deficit with the amount reported on the SFP at December 31, 2020? select an option NoYes