The information below pertains to the retiree health care plan of Thompson Technologies:

	($ in 000s)
	2021 Beginning Balances						2021 Ending Balances
Accumulated postretirement benefit obligation		$	540					$	565
Plan assets			0						75
Funded status			(540	)					(490	)
Prior service costAOCI			155						124
Net gainAOCI			(57	)					(56	)

Thompson began funding the plan in 2021 with a contribution of $134,000 to the benefit fund at the end of the year. Retirees were paid $59,000. The actuarys discount rate is 5%. There were no changes in actuarial estimates and assumptions.

Required: 1. Determine the service cost for 2021. 2. Determine the postretirement benefit expense for 2021. 3. Determine the net benefit liability for 2021.(For all requirements, enter your answers in thousands (i.e. 200,000 should be entered as 200).)

(For all requirements, enter your answers in thousands (i.e. 200,000 should be entered as 200).)

		($ in 000s)
1.	Service cost	??
2.	Postretirement benefit expense	??
3.	Net benefit liability	??

2-) Stanley-Morgan Industries adopted a defined benefit pension plan on April 12, 2021. The provisions of the plan were not made retroactive to prior years. A local bank, engaged as trustee for the plan assets, expects plan assets to earn a 10% rate of return. The actual return was also 10% in 2021 and 2022.* A consulting firm, engaged as actuary, recommends 5% as the appropriate discount rate. The service cost is $140,000 for 2021 and $220,000 for 2022. Year-end funding is $150,000 for 2021 and $160,000 for 2022. No assumptions or estimates were revised during 2021. * We assume the estimated return was based on the actual return on similar investments at the inception of the plan and that, since the estimate didn't change, that also was the actual rate in 2022. Required: Calculate each of the following amounts as of both December 31, 2021, and December 31, 2022: (Enter your answers in thousands (i.e., 200,000 should be entered as 200).)

Answer is not complete. December 31, 2021 Projected benefit obligation 140 Plan assets 150 Pension expense 140 Net pension asset or net pension liability (10) December 31, 2022 367 2. 3. 4. $ 212 16