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Classified Electronics has an unfunded retiree health care plan. Each of the company's three employees...

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Accounting

Classified Electronics has an unfunded retiree health care plan. Each of the company's three employees has been with the firm since
its inception at the beginning of 2023. As of the end of 2024, the actuary estimates the total net cost of providing health care benefits
to employees during their retirement years to have a present value of $78,400. Each of the employees will become fully eligible for
benefits after 26 more years of service but aren't expected to retire for 35 more years. The interest rate is 4%.
Required:
What is the expected postretirement benefit obligation at the end of 2024?
What is the accumulated postretirement benefit obligation at the end of 2024?
What is the expected postretirement benefit obligation at the end of 2025?
What is the accumulated postretirement benefit obligation at the end of 2025?
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