Using the information in E20.19, prepare a worksheet inserting January 1, 2019, balances, showing December 31, 2019, balances, and the journal entry recording postretirement benefit expense.
Service cost....................................................................€ 90,000
Contribution to the plan........................................................56,000
Actual return on plan assets...................................................62,000
Benefits paid.....................................................................40,000
Plan assets at January 1, 2019................................................710,000
Defined postretirement benefit obligation at January 1, 2019...........760,000
Accumulated OCI (Loss) at January 1, 2019....................................100 Dr.
Discount (interest) rate.............................................................9%