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Exercise 20-05 Your answer is incorrect. Try again. Riverbed Company has five employees participating in its defined benefit pension plan. Expected years of future service

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Exercise 20-05 Your answer is incorrect. Try again. Riverbed Company has five employees participating in its defined benefit pension plan. Expected years of future service for these employees at the beginning of 2020 are as follows. Employee Future Years of Service Jim 3 Paul 4 Nancy 5 Dave 6 Kathy 6 On January 1, 2020, the company amended its pension plan, increasing its projected benefit obligation by $83,520. Compute the amount of prior service cost amortization for the years 2020 through 2025 using the years-of- service method, setting up appropriate schedules. Year Annual Amortization 2020 15000 2021 15000 2022 15000 2023 12000 2024 9000 2025 6000 Click if you would like to Show Work for this question: Open Show Work

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