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At the end of the current period, Flounder Inc. had a projected benefit obligation of $414,000 and pension plan assets (at fair value) of $369,000.

At the end of the current period, Flounder Inc. had a projected benefit obligation of $414,000 and pension plan assets (at fair value) of $369,000. What are the accounts and amounts that will be reported on the company's balance sheet as pension assets or pension liabilities?

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