On January 1, 2016, Baznik Company adopted a defined benefit pension plan. At that time, Baznik awarded retroactive benefits to certain employees. These retroactive benefits resulted in a prior service cost of $1,230,000 on that date (which it did not fund). Baznik has six participating employees who are expected to receive the retroactive benefits. Following is a schedule that identifies the participating employees and their expected years of future service as of January 1, 2016:

Employee	Expected Years of Future Service
A	1
B	3
C	4
D	5
E	5
F	6

Baznik decided to amortize the prior service cost to pension expense using the years-of-future-service method. The following are the amounts of the components of Bazniks pension expense, in addition to the amortization of the prior service cost for 2016 and 2017:

	2016	2017
Service cost	$390,100	$451,403
Interest cost on projected benefit obligation	100,200	174,537
Expected return on plan assets		92,100

Baznik contributed $772,200 and $788,100 to the pension fund at the end of 2016 and 2017, respectively.

Required:

1.	Next Level Prepare a set of schedules for Baznik to determine (a) the amortization fraction for each year and (b) the amortization of the prior service cost.
2.	Next Level Prepare all the journal entries related to Bazniks pension plan for 2016 and 2017.