E20-22B (Postretirement Benefit Expense Computation) Miami Co. provides the following information about its postretirement benefit plan for the year 2014. Service cost $ 131,000 Prior service cost amortization 21,000 Contribution to the plan 60,000 Actual

E20-22B (Postretirement Benefit Expense Computation) Miami Co. provides the following information about its postretirement benefit plan for the year 2014.
Service cost                                                                                                    $ 131,000
Prior service cost amortization                                                                         21,000
Contribution to the plan                                                                                     60,000
Actual and expected return on plan assets                                                   16,000
Benefits paid                                                                                                        62,000
Plan assets at January 1, 2014                                                                      281,000
Accumulated postretirement benefit obligation at January 1, 2014        605,000
Accumulated OCI (PSC) at January 1, 2014                                                125,000 Dr.
Discount rate                                                                                                             8%
Instructions
Compute the postretirement benefit expense for 2014.