Kreter Co. provides the following information about its postretirement benefit plan for the year 2012.

Service cost                                                         $ 45,000
Contribution to the plan                                         10,000
Actual and expected return on plan assets             11,000
Benefits paid                                                           20,000
Plan assets at January 1, 2012                             110,000
Accumulated postretirement benefit obligation
at January 1, 2012                                                330,000
Discount rate                                                                8%

Instructions
Compute the postretirement benefit expense for 2012.