On January 1, the company adopted a new defined benefit pension plan. Existing employees were given credit in the new plan for their past service to the company. This created an immediate projected benefit obligation of $1,000,000. The company has 30 employees; three of these employees are expected to leave the company each year for the next 10 years. Using the amortization method that is similar to sum-of the- years’-digits depreciation, compute the amount of prior service cost that should be amortized for the year.