On January $1,2025,$ Crane Company has the following defined benefit pension plan balances. The interest $($settlement$)$ rate applicable to the plan is $\backslash (10\backslash \%\backslash ).$ On January $1,2026,$ the company amends its pension agreement so that prior service costs of $\backslash (\backslash$$ $492,000\backslash )$ are created. Other data related to the pension plan are as follows.

Accumulated OCI, Dec. $31,2025$

Balance, Dec. $31,2026$ Projected Benefit ObligationPlan Assets$\backslash$$

$\backslash$$ $($b$)$

For $2026,$ 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 $0$ for the amounts. List all debit entries before credit entries.$)$

Account Titles and Explanation

Debit

Credit