Question 4 of 7 0/10 ili View Policies Show Attempt History Current Attempt in Progress * Your answer is incorrect. Pharoah Company has five employees participating in its defined benefit pension plan. Expected years of future service for these employees at the beginning of 2020 are as follows. Employee Jim Paul Nancy Dave Kathy Future Years of Service 3 4 5 6 6 On January 1, 2020, the company amended its pension plan, increasing its projected benefit obligation by $72,720. Compute the amount of prior service cost amortization for the years 2020 through 2025 using the years-of-service method, setting up appropriate schedules. Year 2020 $ Annual Amortization 17700 $ 2021 17700 2022 17700 2023 14160 2024 10620 2025 7080 e Textbook and Media Save for Later Attempts: 1 of 3 used Submit