Information ABC Corp, has been in business since 2004. It currently offers a pension plan that provides a pension to its employees equal to 2% of the employees ending salary for every year worked. Currently, the company has 8 employees all of which started with the company at it inception in January of 2004. As of 1-1-2015 the balance in OCI-Prior Service Cost was 60,000.

The Following is an employee list of ABC employee's showing their age, and expected retirement date as of 12-31-15.

Employee DOB Exp Retirement Date

Tom 2/1/59 12/31/2024

Bill 3/1/50 12/31/2016

Andy 5/1/49 12/31/2016

Mary 2/15/75 12/31/2036

Daisy 7/15/65 12/31/2029

Ron 8/1/63 12/31/2027

Tony 11/12/72 12/31/2050

Linda 12/1/85 12/31/2050

Required

1. Prepare a table Calculating the amortization rates use to amortize the Prior Service Cost under the Years of Service Method for 2015 and 2016

2. Calculate the amortization rate for 2015 using the Average Service Life method