6 7 points Frazier Refrigeration amended its defined benefit pension plan on December 31, 2021, to increase retirement benefits earned with each service year. The consulting actuary estimated the prior service cost incurred by making the amendment retroactive to prior years to be $550,000. Frazier's 50 present employees are expected to retire at the rate of approximately 5 each year at the end of each of the next 10 years Required: 1. Using the service method, calculate the amount of prior service cost to be amortized to pension expense in each of the next 10 years. 2. Using the straight-line method, calculate the amount of prior service cost to be amortized to pension expense in each of the next 10 years. 0 Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required 11 Required 2 Using the service method, calculate the amount of prior service cost to be amortized to pension expense in each of the next 10 years. (Do not round intermediate calculations. Enter your answers in thousands (.e, 200,000 should be entered as 200).) Amount Amortized (3 in Year 000) 2022 S 396 2023 352 2024 330 O 2025 286 O 2020 242 O 2027 190 O 2028 154 2029 110 2030 2001 Total 2,200 Ceged Required 2 >