Using the information in E20.22, prepare a worksheet inserting January 1, 2020, balances, showing December 31, 2020, balances, and the journal entry recording post-retirement benefit expense.

Service cost.........................................................................................................$ 90,000
Prior service cost amortization..............................................................................3,000
Contribution to the plan.......................................................................................56,000
Actual and expected return on plan assets.......................................................62,000
Benefits paid..........................................................................................................40,000
Plan assets at January 1, 2020...........................................................................710,000
Accumulated post-retirement benefit obligation at January 1, 2020...........760,000
Accumulated OCI (PSC) at January 1, 2020......................................................100,000 Dr.
Discount rate................................................................................................................9%