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Sandhill Co. provides the following information about its postretirement benefit plan for the year 2017....

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Accounting

Sandhill Co. provides the following information about its postretirement benefit plan for the year 2017.
Service cost $86,700
Prior service cost amortization 2,900
Contribution to the plan 53,100
Actual and expected return on plan assets 57,400
Benefits paid 39,800
Plan assets at January 1, 2017 707,800
Accumulated postretirement benefit obligation at January 1, 2017 771,000
Accumulated OCI (PSC) at January 1, 2017 101,000 Dr.
Discount rate 8 %
Prepare a worksheet inserting January 1, 2017, balances, showing December 31, 2017, balances, and the journal entry recording postretirement benefit expense. (Enter all amounts as positive.)

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