The Following Information Is Related to the Postretirement Benefits Plan

The following information is related to the postretirement benefits plan of Heerey, Inc. for 2015: $\begin{array}{lr}\text { Service cost } & \$ 280,000 \\\text { Discount rate } & 8 \% \\\text { APBO, January 1, 2015 } & 2,250,000 \\\text { EPBO, January 1, 2015 } & 2,400,000 \\\text { Actual return on plan assets in 2015 } & 104,000\\\text { Expected return on plan assets in } 2015 & 95,600 \\\text { Amortization of PSC, due to benefit increase } & 107,200 \\\text { Contributions (funding) } & 400,000 \\\text { Benefit pavments } & 208,000\end{array}$
Instructions
(a) Compute the amount of postretirement expense for 2015. (Show computations.)(b) Compute the amount of the APBO at December 31, 2015.