Question 5: Larsen Company has a defined benefit pension plan which covers 220 employees. Based upon negotiations with the employees, Larsen Company amends its pension plan as of 1/1/20 and grants $111,600 of prior service cost to its employees. The following schedule reflects employee groups based on expected years of retirement. Number of Expected Group Employees Retirement on 12/31 A 30 2017 B 40 2018 2019 D 70 2020 E 45 2021 220 Instructions: Compute the annual amortization of the prior service cost using the a. years-of-service method, and b. straight-line amortization over the average remaining service life of employees. 35 a. Computation of Service Years D A 100 E TOTAL Year 2020 2021 2022 2023 2024 Computation of Annual Prior Service Cost Amortization Total Cost Per Annual Year Service-Years Service Year Amortization 2020 2021 2022 2023 2024