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The information below pertains to the retiree health care plan of Thompson Technologies: ( $ in 0 0 0 s ) 2 0 2 1

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 $ 500 $ 525
Plan assets 075
Funded status (500)(450)
Prior service costAOCI 140118
Net gainAOCI (54)(53)
Thompson began funding the plan in 2021 with a contribution of $131,000 to the benefit fund at the end of the year. Retirees were paid $56,000. The actuarys discount rate is 4%. 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.

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