The accounting staff of Holder Inc. has prepared the following postretirement benefit worksheet (amounts in €). Unfortunately, several entries in the worksheet are not decipherable. The company has asked your assistance in completing the worksheet and completing the accounting tasks related to the pension plan for 2022.

Instructions

a. Determine the missing amounts in the 2022 postretirement worksheet, indicating whether the amounts are debits or credits.

b. Prepare the journal entry to record 2022 postretirement expense for Holder Inc.

c. What discount rate is Holder using in accounting for the interest on its other postretirement benefit plan? Explain.

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Postretirement Benefit Worksheet-Holder Inc. Home Insert Page Layout Formulas Data Reviow Mow P18 A B. E F G General Journal Entries Memo Record Other Annual Comprehensive Postretirement Income-(G/L) Asset/Liability 290,000 Items Expense Cash DPBO Plan Assets 410,000 120,000 Balance, Jan. 1, 2022 7 Service cost 8 Interest expense 9 Interest revenue (1) 56,000 (2) (3) 36,900 10,800 10 Contributions 66,000 (4) 11 Benefits 5,000 5,000 12 Asset loss 8,800 (5) 13 Journal entry for 2022 (6) (7) (8) (9) 14 15 Accumulated OCI, Dec. 31, 2021 16 Balance, Dec. 31, 2022 18,200 Dr. 27,000 Dr. 314,900 Cr. 497,900 Cr. 183,000 Dr. 17