On January 1, 2019, Solano Incorporated amended its pension plan which caused an increase of $6,000,000 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 2019

120 2020

60 2021

160 2022

20 2023

400

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 2019 through 2023.