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Question - The information below relates to the Wolowitz Co. postretirement benefits plan for 2022:
Service cost $160,000
Discount rate 9%
APBO, January 1, 2022 $1,140,000
EPBO, January 1, 2018 $1,600,000
Benefit payments to employees $107,000
Required - What the amount of postretirement expense for 2022?
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