Data from company:

The company provides the following information related to its postemployment benefits for the year 2007:

o Accumulated postretirement benefit obligation at January 1, 2007: $810,000
o Actual and expected return on plan assets: $34,000
o Unrecognized prior service cost amortization: $21,000
o Discount rate: 10%
o Service cost: $88,000

Question:
Calculate pension expense
Compute a new postemployment benefit expense for 2007 and report this to your manager. Illustrate with schedules and notes