On January 1, 2016, Smith Company adopted a defined benefit pension plan. At that time, Smith awarded ret benefits to its employees, resulting in a prior service cost that created a projected benefit obligation of $1,250,000 on that date (which it did not fund), Smith decided to amortize the prior service cost by the straight-line method over the 20-year average remaining service life of its active participating employees. Smith's actuary has also provided the following additional information for 2016 and 2017: (1) service cost: 2016, $147,000; 2017, $153,000; (2) expected (and actual) return on plan assets: 2017, $33,000; and (3) projected benefit obligation: 1/1/2017, $1,522,000. The roactive Smith contributed $330,000 and $350,000 to the pension fund at the end of 2016 and 2017, respectively. There are no other components of Smith's pension expense. On January 1, 2016, Smith Company adopted a defined benefit pension plan. At that time, Smith awarded ret benefits to its employees, resulting in a prior service cost that created a projected benefit obligation of $1,250,000 on that date (which it did not fund), Smith decided to amortize the prior service cost by the straight-line method over the 20-year average remaining service life of its active participating employees. Smith's actuary has also provided the following additional information for 2016 and 2017: (1) service cost: 2016, $147,000; 2017, $153,000; (2) expected (and actual) return on plan assets: 2017, $33,000; and (3) projected benefit obligation: 1/1/2017, $1,522,000. The roactive Smith contributed $330,000 and $350,000 to the pension fund at the end of 2016 and 2017, respectively. There are no other components of Smith's pension expense