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1.) SOAPCO has eight employees participating in its defined benefit pension plan. Expected future years of service are as follows: Tom 1 Jason 2 Jennifer
1.) SOAPCO has eight employees participating in its defined benefit pension plan. Expected future years of service are as follows: Tom 1 Jason 2 Jennifer 2 Lindsey 2 Joanna 3 Rob 4 Katie 5 Ryan 6 On 1/1/05, SOAPCO amended its pension plan, increasing its projected benefit obligation by $4,500,000. Given this information, please compute the amount of prior service cost amortization for 2005, 2006, 2007, 2008, 2009, 2010 using the years-of-service method (15 points).
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