Question: Shown Work. No written work wanted thxs The information below pertains to the retiree health care plan of Thompson Technologies: Thompson began funding the plan

Shown Work. No written work wanted thxs
 Shown Work. No written work wanted thxs The information below pertains

The information below pertains to the retiree health care plan of Thompson Technologies: Thompson began funding the plan in 2024 with a contribution of $130,000 to the benefit fund at the end of the year. Retirees were paid $55,000. The actuary's discount rate is 5%. There were no changes in actuarial estimates and assumptions. Required: 1. Determine the service cost for 2024 . 2. Determine the postretirement benefit expense for 2024 . 3. Determine the net benefit liability for 2024 . Note: For all requirements, enter your answers in thousands (i.e. 200,000 should be entered as 200)

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