CHAPTER 17 (9.)

The following data are available pertaining to Household Appliance Company's retiree health care plan for 2018:

Number of employees covered		2
Years employed as of January 1, 2018		2	[each]
Attribution period		25	years
Expected postretirement benefit obligation, Jan. 1	$	65,000
Expected postretirement benefit obligation, Dec. 31	$	68,000
Interest rate		6	%
Funding		none

Required:

4. Prepare the journal entry to record the postretirement benefit expense for 2018.