The following data are for Guava Company's defined benefit pension plan for the current calendar year:

Number of employees covered: 5

Years employed as of January 1: 4 (each)

Attribution period: 20 years

EPBO, January 1: $75,000

EPBO, December 31: $89,000

Interest rate: 8%

Funding and plan assets: None

a.) Calculate the post retirement benefit expense for the current year. (Show calculations, label each amount, and round amounts to the nearest whole dollar.)

b.) Record the entry to record post-retirement benefit expense for the current year.