What is Parker’s unrecognized prior service cost amortization for the year? 1 answer below »

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Parker Co. amended its pension plan on January 2 of the current year. It also granted $600,000 of
unrecognized prior service costs to its employees. The employees are all active and expect to provide
2,000 service years in the future, with 350 service years this year. What is Parker's unrecognized prior
service cost amortization for the year?
a. $0
b. $2,000
c. $105,000
d. $600,000

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