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The following information pertains to the Moonlight Company pension plan: employer contribution.............. $2,800 project...

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Accounting

The following information pertains to the Moonlight Company pension plan:

employer contribution.............. $2,800

project benefit obligation at 1/1 .......$72,000

Assumed discount rate..........10%

service cost for the year.......18,000

pension benefits paid during the year....35,000 If no change in actuarial estimates occurred during the year, Moonlight's projected benefit obligation at December 31 of the current year was:

Select one:

a. $62,200

b. $65,000

c. $79,200

d. $82,200

e. $59,400

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