Goodday Ltd$.,$ a public company, has a defined benefit pension plan and a $31$ December year$-$end. The following information relates to the plan:

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$$Balances:$$Defined benefit obligation, end of $20$X$7$$$5,230,000$Pension plan assets, fair value, end of $20$X$74,780,000$SFP net defined benefit liability, end of $20$X$7450,000$cr$.$SFP accumulated OCI, pension, end of $20$X$769,800$dr$.$Retained earnings, end of $20$X$78,610,400$cr$.20$X$8$ earnings, prior to any pension expense$4,206,000$cr$.$Current service cost for $20$X$8,$ measured using the projected unit credit method$602,400$New past service cost granted in $20$X$8,$ negative because benefits were reduced and the liability has declined$(296,000)$Contributions made to the pension plan assets paid at end of $20$X$8422,000$Actuarial gain in $20$X$8,$ negative because caused by higher anticipated future mortality rates and the liability has declined$(101,500)$Actual earnings in the fund, reported by the pension fund trustee, including interest, dividends, and change in fair value$146,300$Benefits paid to pensioners from Pension fund assets paid at end of $20$X$868,200$Interest rate on long$-$term corporate bonds, end of $20$X$85\%$

Required:

Calculate the balances of the defined benefit obligation and the pension plan assets at the end of $20$X$8.$ Use these values to calculate the SFP net defined benefit plan element for Goodday at the end of $20$X$8.$