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On January 1 of the current reporting year, Coda Company's projected benefit obligation was $30.7...

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Accounting

On January 1 of the current reporting year, Coda Company's projected benefit obligation was $30.7 million. During the year, pension benefits paid by the trustee were $4.7 million. Service cost was $10.7 million. Pension plan assets earned $5.7 million as expected. At the end of the year, there was no net gain or loss and no prior service cost. The actuary's discount rate was 10%.
Required:
Determine the amount of the projected benefit obligation On December 31.
Note: Enter your answers in millions rounded to 2 decimal places. Amounts to be deducted should be indicated with a minus sign.
\table[[,($ in millions)],[Beginning PBO,],[,],[,],[,],[,],[Ending PBO,]]
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