Sheridan Corporation had a projected benefit obligation of $3,304,000 and plan assets of $3,530,000 at January 1, 2020. Sheridan also had a net actuarial loss of $470,750 in accumulated OCI at January 1, 2020. The average remaining service period of Sheridan's employees is 7.50 years.

Compute Sheridan's minimum amortization of the actuarial loss.

Minimum amortization of the actuarial loss

$enter Sheridan's minimum amortization of the actuarial loss