$LO19\mathrm{.}2LO19\mathrm{.}3$ Davison Company has a noncontributory defined benefit pension

plan for its employees. During $2019,$ the pension plan has a discount rate $of8\%,$

service cost $of$ $$98,000,$ plan assets $asof\frac{1}{1}\frac{?}{19}of$ $$432,000,$ and $an$ expected return

$on$ plan assets $of$ $$34,560.On$ December $31,2019,$ Davison contributed $$90,000to$ the

pension plan, resulting $in$ a credit $to$ Accrue$\frac{d}{P}$repaid Pension Cost $of$ $$6,300.$ What $is$

the amount $of$ the projected benefit obligation $on$ January $1,2019?$

$a.$ $$332,000$

$b.$ $$345,600$

$c.$ $$410,750$

$d.$ $$432,000$