The following facts relate to the postretirement benefits plan of Keller, Inc. for 2018:

Service cost $780,000

Discount rate 8%

APBO, January 1, 2018 $4,000,000

EPBO, January 1, 2018 $4,800,000

Average remaining service to full eligibility 20 years

Average remaining service to expected retirement 25 years

The amount of postretirement expense for 2018 is

		$1,100,000.
		$1,260,000.
		$1,300,000.
		$1,164,000.