Data Pertaining to the Postretirement Health Care Benefit Plan of Amazing

Data pertaining to the postretirement health care benefit plan of Amazing Delivery Service include the following for the current calendar year.
Required:
1) Determine Amazing's postretirement benefit expense for the current year.
2) Prepare the journal entry to record the benefit expense for the current year.
$$\begin{array} { l r } \text { Service cost } & \$ 100,000 \\\text { APBO, January 1 } & \$ 600,000 \\\text { Plan assets (fair value), January 1 } & \$ 40,000 \\\text { Prior service cost } & \text { none } \\\text { Retiree benefits paid (end of year) } & \$ 75,000 \\\text { Net gain, (current year amortization, \$500) } & \$ 82,000 \\\text { Contribution to health care fund (end of year) } & \$ 172,000 \\\text { Return on plan assets (actual and expected) } & 10 \% \\\text { Discount rate } & 7 \%\end{array}$$