Question: Please answer In the given format with good presentation using commas and dollar sign in each figure with narration in each journal entry , Cullumber

Please answer In the given format with good presentation using commas and dollar sign in each figure with narration in each journal entry ,

Please answer In the given format with goodPlease answer In the given format with good
Cullumber Corp. provides the following information about its post-retirement health-care benefit plan for the year 2020: Current service cost $202,800 Contribution to the plan 47,500 Actual return on plan assets 142,050 Benefits paid 100,000 Plan assets at January 1, 2020 1,598,000 Defined post-retirement benefit obligation at January 1, 2020 1,824,500 Discount rate 9%%(b) Assuming Opsco follows ASPE, calculate the post-retirement benefit expense for 2020. Post-retirement benefit expense $ Prepare all required journal entries related to the post-retirement benefit plan that were made by the company in 2020. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit December 31, 2020 (To record post-retirement benefit expense.) December 31, 2020 (To record contribution to the pension fund.) Save for Later Attempts: 0 of 3 used Submit Answer Using multiple attempts will impact your score. 5% score reduction after attempt 2

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