Venice Company has a defined benefit pension plan. At the end of the reporting year the following data were available beginning PBO $75,000 service cost, $18,000; interest cost, 5,000; benefits; paid for the year $9,000; ending PBO, 89,000; the expected return on plan assets $10,000 and cash deposited with pension trustee $17,000. There were no other pension related costs. The journal entry to record the annual pension costs will include a credit to the PBO for:

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