On January 1, 2023, WOW amended its defined benefit pension plan. The amount of prior service costs caused by this action was $800,000. WOW uses the service method for amortizing prior service costs. The following service years were provided by the company actuary: 2023, 20; 2024, 15; 2025, 13; 2026, 8; and 2027, 5. Twenty employees benefit from this amendment. In 2024, the amortization amount would be: Note: Do not round intermediate calculations and round your answer to the nearest whole dollar. Multiple Choice $196,721. $262,295. $170,492. $104,918.