Rosek Inc. provides the following information related to its post-retirement health-care benefits for the year 2020: 

Rosek Inc. follows IFRS. 

Instructions 

a. Calculate the post-retirement benefit expense for 2020. 

b. Calculate the post-retirement benefit remeasurement gain or loss—other comprehensive income (OCI) for 2020. 

c. Determine the December 31, 2020 balance of the plan assets, the defined post-retirement benefit obligation, and the plan surplus or deficit. 

d. Determine the balance of the net post-retirement benefit liability/asset account on the December 31, 2020 SFP. 

e. Reconcile the plan surplus or deficit with the amount reported on the SFP at December 31, 2020.

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Defined post-retirement benefit obligation at January 1, 2020 $110,000 Plan assets, January 1, 2020 42,000 Actual return on plan assets, 2020 3,000 Discount rate 10% Service cost, 2020 57,000 Plan funding during 2020 22,000 Payments from plan to retirees during 2020 6,000 Actuarial loss on defined post-retirement benefit obligation, 2020 (end of year) 31,000