At the beginning of the cument year, Willow Company adopks a pension plan and awarch totroactive benefits to its employees. Willow's actuary computes these grior senvoe costs 10 be \$260,000. Wiow amortizes the prior service costs by the straighthine method over the fornaining 14 -year service las of its active employeee. Reguired: Propare the joumal entries so recond the prior semioe costs and the related yoariend adfisting ontry for the current yoar. Prepare the joumul entries to recond the prior semice cosis on January t and the related year-end adjusting entry on Docember at for the current year, Getheratiournatifstructions.