The following information concerns Sunland Corp.s defined benefit pension plan.

Sandhill Corp. provides the following information about its postretirement health-care benefit plan for the year 2020:

Current service cost		$204,300
Contribution to the plan		48,150
Actual return on plan assets		141,900
Benefits paid		85,000
Plan assets at January 1, 2020		1,599,200
Defined postretirement benefit obligation at January 1, 2020		1,822,900
Discount rate		12%

(a)

Assuming follows IFRS, calculate the post-retirement benefit expense for 2020.

Postretirement benefit expense

$

Prepare all required journal entries related to the post-retirement benefit plan that were made by the company in 2020

Sandhill Corp. provides the following information about its postretirement health-care benefit plan for the year 2020:

Current service cost		$204,300
Contribution to the plan		48,150
Actual return on plan assets		141,900
Benefits paid		85,000
Plan assets at January 1, 2020		1,599,200
Defined postretirement benefit obligation at January 1, 2020		1,822,900
Discount rate		12%

(a)

Assuming Opsco follows IFRS, calculate the post-retirement benefit expense for 2020.

Postretirement benefit expense

Prepare all required journal entries related to the post-retirement benefit plan that were made by the company in 2020