the following information relates to the pension plan for the employees of turner co.:

1/1/18 12/31/2018

fair value of plan assets 10,920,000 12,054,000

projected benefit obligation 10,458,000

accumulated OCI-G/L 1,500,000 debit balance

additional prior service cost in 2018 1,200,000

annual service cost 1,000,000

settlement rate 11%

expected rate of return 7%

turner's contribution was 1,323,000 in 2018 and benefits paid were 1,425,000. turner uses years of service method to amortized prior service cost. turner currently has 50 employees. the total employee service years is 150 years, 50 of which will occur in 2018. the average remaining employee service years is 3 years.

The amortization of the prior service cost for 2018 is

a) 400,000

b) 24,000

c) 20,000

d) 8,000