View Policies Current Attempt in Progress On January 1, 2020, Monty Company has the following defined benefit pension plan balances. The interest (settlement) rate applicable to the plan is 10%. On January 1, 2021, the company amends its pensicn agreement so that prior service costs of $494,000 are created. Other data related to the pension plan are as follows. For 2021, prepare the journal entry to record pension-related amounts. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.)