XY provides the following information about its postretirement benefit plan for the year 2020.

Service cost $90,000

Prior service cost amortization 3,000

Contribution to the plan 56,000

Actual and expected return on plan assets 62,000

Benefits paid 40,000

Plan assets at January 1, 2020 710,000

Accumulated postretirement benefit obligation at January 1, 2020 760,000

Accumulated OCI (PSC) at January 1, 2020 100,000 (DR balance)

Discount rate 9%

Prepare the journal entry to record postretirement benefit expense for 2020.