Peyton Approved has revised its postretirement plan. It will now provide health insurance to retired employees. Management has requested that you report the short-and long-term financial implications of this.

1. the company is currently employing 60, and actuaries estimate that the company has a pension liability of 107041.70
2. the estimated cost of retired employees' health insurance is $43,718.91
3. I need help to calculate the pension liability and health insurance liability