The following data are available pertaining to Household Appliance Company's retiree health care plan for 2016 Number of employees covered 3 each Years employed as of January 1, 2016 Attribution period 20 years $60,000 Expected postretirement benefit obligation, Jan. 1 Expected postretirement benefit obligation, Dec. 31 $63,000 5% Interest rate Funding none Required: 1. What is the accumulated postretirement benefit obligation at the beginning of 2016? Accumulated postretirement benefit obligation 2. What is interest cost to be included in 2016 postretirement benefit expense? Interest cost