Amortization of prior service cost using years-of-service method On January 1, 2017, Solano Incorporated amended its pension plan which caused an increase of $7,200,000 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: Expected Retirements Number of Employees On December 31 40 2017 120 2018 60 2019 2020 20 2021 400 160 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 2017 through 2021. Just email me your answers Answers 2017 2018 2019 2020 2021