E20-19B (Postretirement Benefit Expense Computation) Family Favors Inc. provides the following information about its postretirement benefit plan for the year 2014. Service cost $ 134,000 Prior service cost amortization 120,000 Contribution to the plan 50,

E20-19B (Postretirement Benefit Expense Computation) Family Favors Inc. provides the following informationabout its postretirement benefit plan for the year 2014.
Service cost                                                                        $ 134,000
Prior service cost amortization                                          120,000
Contribution to the plan                                                         50,000
Actual and expected return on plan assets                       22,000
Benefits paid                                                                           68,000
Plan assets at January 1, 2014                                        265,000
Accumulated postretirement benefit
        obligation at January 1, 2014                                  1,545,000
Accumulated OCI (PSC) at January 1, 2014                1,280,000
Discount rate 6%
Instructions
Compute the postretirement benefit expense for 2014.