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Martinez Co, has the following defined benefit pension plan balances on January 1, 2020 . The interest (settlement) rate applicable to the plan is 10%.

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Martinez Co, has the following defined benefit pension plan balances on January 1, 2020 . The interest (settlement) rate applicable to the plan is 10%. On January 1,2021, the company amends its pension agreement so that prior service costs of $594,000 are created. Other data related to the pension plan are: Prepare a pension worksheet for the pension plan in 2020. (Enter all omounts as positive.) MARTINEZ COMPANY Pension Worksheet-2020 General Journal Entries OCl-PriorServiceCostLiabilityOCl-Gain/LossLensionAsset/

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