Banc Six Corp. provides the following information related to its postretirement benefits for the year 2014. Accumulated

Question:

Banc Six Corp. provides the following information related to its postretirement benefits for the year 2014.
Accumulated postretirement benefit obligation at January 1, 2014 ... $1,195,000
Actual and on plan assets .............. 2,500
Prior service cost amortization ................. 105,000
Discount rate ........................ 8%
Service cost .......................... 121,000

Instructions
Compute postretirement benefit expense for 2014.

Expected Return
The expected return is the profit or loss an investor anticipates on an investment that has known or anticipated rates of return (RoR). It is calculated by multiplying potential outcomes by the chances of them occurring and then totaling these...