On Jahuary 1, 2016. Fashand Dash Company sdopted a heawheare pian for its rebred employees. To determine eligibilit for Benests, the cormpany retroactively. gives credit to the date of hice for each employee. The following infotmaton is avalable abcut the plan Required: 1. Compute the OPRB expense for 2016 if the company uses the average remaining service life to amortize the prior service cost: 2. Prepare all the reguired joumal entries for 2016 if the plan is not funded Prepare the entries to record: 1. the prior service cost on January 1 2. the postretirement benefit expense for 2016 on December 31 3. the payments to retired employees during 2016 on December 31 4. the amortization of prior service cost on December 31
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