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Sandhill Company has five employees participating in its defined benefit pension plan. Expected years of future service for these employees at the beginning of 2020

Sandhill 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

Future Years of Service

Jim

3

Paul

4

Nancy

5

Dave

6

Kathy

6

On January 1, 2020, the company amended its pension plan, increasing its projected benefit obligation by $76,320. 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

Annual Amortization

2020

$enter a dollar amount

2021

enter a dollar amount

2022

enter a dollar amount

2023

enter a dollar amount

2024

enter a dollar amount

2025

enter a dollar amount

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