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n Inc has an unfunded postretirement benefit pian. Medical care and life insurance benefits are...

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Accounting

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n Inc has an unfunded postretirement benefit pian. Medical care and life insurance benefits are provided to employees who render 10 years service and attain age 55 while in service. At the end of 2018. Jim Lukawitz is 27. He was hired by Prince at age 24 (3 years ago) and is expected to retire at age 60. The expected postretirement benefit obligation for Lu end of 2018 is $30.000 and $34.000 at the end of 2019. kawitz at the Calculate the accumulated postretirement benefit obligation at the end of 2018 and 2019 and the service cost for 2018 and 2019 as pertaining to Lukawitz. (Enter your answers In whole doller amount.) 2018 2019

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