E20-5B (Application of Years-of-Service Method) Ace Inc. has five employees participating in its defined-benefit pension plan. Expected years of future service for these employees at the beginning of 2014 are as follows. Future Employee Years of Service J

E20-5B (Application of Years-of-Service Method) Ace Inc. has five employees participating in its defined-benefit pension plan. Expected years of future service for these employees at the beginning of 2014 are as follows.

                                            Future                                     

Employee                   Years of Service

Jane                                        6

John                                        1

Jimmy                                     3

Jenny                                      6

Jerry                                        4

On January 1, 2014, the company amended its pension plan increasing its projected benefit obligation by $210,000.

Instructions

Compute the amount of prior service cost amortization for the years 2014 through 2019 using the yearsof-service method setting up appropriate schedules.