. Amortization of prior service cost using years-of-service method. On January 1, 2016, Solano Incorporated amended its pension plan which caused an increase of $6,000,000 in its projected benefit obligation. The company has 400 employees who are expected to receive benefits under the company's defined-benefit pension plan. The personnel department provided the following information regarding expected employee retirements:

Number of Employees	Expected Retirements on December 31
40	2016
120	2017
60	2018
160	2019
20	2020
400

The company plans to use the years-of-service method in calculating the amortization of prior service cost as a component of pension expense.

Instructions

Prepare a schedule which shows the amount of annual prior service cost amortization that the company will recognize as a component of pension expense from 2016 through 2020.