Waterway Co. provides the following information about its postretirement benefit plan for the year 2020. Service cost Prior service cost amortization Contribution to the plan Actual and expected return on plan assets Benefits paid Plan assets at January 1, 2020 Accumulated postretirement benefit obligation at January 1, 2020 Accumulated OCI (PSC) at January 1, 2020 Discount rate Compute the postretirement benefit expense for 2020. $98,200 3,200 57,300 62,100 36,800 697,100 751,000 95,300 Dr. 8 % x Postretirement benefit expense 50230