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Business, 19.04.2021 15:20 Giabear23

The following information pertains to a defined benefit pension plan that Borealis Inc. sponsors in 2020. PBO balance, January 1, 2020 $150,000
Service cost 20,000
Interest cost 13,200
Prior service cost adjustment based on past service, January 1, 2020 30,000
Amortization of prior service cost 3,000
Actuarial gain on PBO 6,000
Benefits paid to retirees 2,500
Contributions to plan 18,000

Required:
What is the PBO balance on December 31, 2020?

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