Wright Supplies has a defined benefit pension plan for their 750 employees. In 2020, the company decided to amend the pension plan, resulting in an increase of $6,973,000 to the projected benefit obligation. Wright estimates that 20% of its employees will leave the company in each of the next five years. If Wright uses straight-line amortization to expense prior service costs, how much will the company expense in 2021?

$2,324,333.33

$1,394,600.00

$1,859,466.67

$2,548,694.28