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On December 31 (the end of the fiscal year), Company received the PBO report from the actuary. The following information was included in the report:

On December 31 (the end of the fiscal year), Company received the PBO report from the actuary. The following information was included in the report: ending PBO, $114,000; benefits paid to retirees, $12,000; interest cost, $8,000. The discount rate applied by the actuary was 10%. What was the beginning PBO?

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