The following data are available pertaining to Household Appliance Company's retiree health care plan for 2021:

Required: 1. What is the accumulated postretirement benefit obligation at the beginning of 2021? 2. What is interest cost to be included in 2021 postretirement benefit expense? 3. What is service cost to be included in 2021 postretirement benefit expense? 4. Prepare the journal entry to record the postretirement benefit expense for 2021.

Number of employees covered Years employed as of January 1, 2021 Attribution period Expected postretirement benefit obligation, Jan. 1 Expected postretirement benefit obligation, Dec. 31 Interest rate Funding 3 2 (each) 25 years $52,000 $54,600 5% none Req 1 to 3 Reg 4 What is the accumulated postretirement benefit obligation at the beginning of 2021? What is interest cost and service cost to be included in 2021 postretirement benefit expense? 1. Accumulated postretirement benefit obligation 2. Interest cost 3. Service cost Req 1 to 3 Reg 4 Prepare the journal entry to record the postretirement benefit expense for 2021. (If no entry is required for a particular event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record the postretirement benefit expense. Note: Enter debits before credits. General Journal Debit Credit Event 1 Record entry Clear entry View general journal