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The following information is related to the postretirement benefits plan of Cullumber, Inc. for 2021: Service cost $ 294,000 Discount rate 7% APBO, January 1,
The following information is related to the postretirement benefits plan of Cullumber, Inc. for 2021:
Service cost | $ 294,000 | |
Discount rate | 7% | |
APBO, January 1, 2021 | 2,390,000 | |
EPBO, January 1, 2021 | 2,540,000 | |
Actual return on plan assets in 2021 | 115,200 | |
Expected return on plan assets in 2021 | 105,400 | |
Amortization of PSC, due to benefit increase | 121,200 | |
Contributions (funding) | 414,000 | |
Benefit payments | 222,000 |
Compute the amount of postretirement expense for 2021.
Amount of postretirement expense for 2021= |
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