Pharoah Company sponsors a defined benefit pension plan for its employees. The following data relate to the operation of the plan for the years 2025 and 2026. 2025 2026 Projected benefit obligation, January 1 $594,000 Plan assets (fair value and market-related value), January 1 408,000 Pension asset/liability, January 1 186,000 Cr. Prior service cost, January 1 159,600 Service cost Settlement rate 40,200 $59,200 10% 10% Expected rate of return 10% 10% Actual return on plan assets 36,200 61,600 Amortization of prior service cost 69,500 49.700 Annual contributions 96,400 81,400 Benefits paid retirees 31,600 54,000 Increase in projected benefit obligation 87,000 0 due to changes in actuarial assumptions Accumulated benefit obligation at December 31 720,800 789,000 Average service life of all employees 20 years Vested benefit obligation at December 31 465,700 (a1) * Your answer is incorrect. Calculate the amortization of the loss (2026) using the corridor approach. Amortization of the loss $ 0 eTextbook and Media List of Accounts Save for Later Attempts: 1 of 3 used Submit Answer (a2) The parts of this question must be completed in order. This part will be available when you complete the part above.