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The following information is related to the Stone Co. postretirement benefits plan for 2015: Service cost $163,000 Discount rate 10% EPBO, January 1, 2015 820,000 APBO, January 1, 2015 660,000 Actual return on plan assets in 2015 22,400 Expected return on plan assets in 2015 29,000 Contributions (funding) 224,000 Instructions: A) Compute the amount of postretirement expense for 2015. (Show computations) B) Prepare the journal entry to record postretirement expense and Stone's contributions for 2015.
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