Problem III ABC Company has a postretirement benefit plan that provides medical insurance for employees in retirement from the age of 55 to 65. The actuary provided the following data for the plan for 2020. Service cost $ 300,000 Discount rate 10% APBO, January 1, 2020 2,700,000 EPBO, January 1, 2020 2,500,000 Actual return on plan assets in 2020 105,000 Expected return on plan assets in 2020 95,000 Amortization of PSC, due to benefit increase 108,200 Contributions (funding) 360,000 Benefit payments 200,000 Instructions: 1. Compute the amount of postretirement expense for 2020. Show all your computations in good form. 2. Record all journal entries needed for the other postretirement benefit plan for 2020. 3. Compute the amount of the APBO at December 31, 2020