Wolz Company, a small business, has had a defined benefit pension plan for its employees for several years. At the beginning of 2019, Wolz amended the pension plan; this amendment provides for increased benefits based on services rendered by certain employees in prior periods. Wolz’s actuary has determined that the related prior service cost amounts to $140,000. Wolz has four participating employees who are expected to receive the increased benefits. The following is a schedule identifying the employees and their expected years of future service:
Employee Numbers...........................Expected Years of Future Service
1 .................................................................................................2
2 .................................................................................................3
3 .................................................................................................4
4 .................................................................................................5

Required:
1. Next Level Using the straight-line method, (a) compute the average remaining service life and (b) prepare a schedule to amortize the prior service cost.
2. Next Level Using the years-of-future-service method instead, prepare a set of schedules to determine (a) the amortization fraction for each year and (b) the amortization of the prior service cost.