Postretirement Benefit Expense Computation Garner Inc.

(Postretirement Benefit Expense Computation) Garner Inc. provides the following information related to its postretirement benefits for the year 2010.

Accumulated postretirement benefit obligation at January 1, 2010                $710,000

Actual and expected return on plan assets                                                              34,000

Prior service cost amortization                                                                                   21,000

Discount rate                                                                                                                     10%

Service cost                                                                                                                    83,000

Compute postretirement benefit expense for 2010.

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