Selected pension information for Gecco Industries Ltd., for the 2021 fiscal year are presented in the table. Gecco follows IFRS. Current service cost $204,000 Interest rate 9% Defined benefit obligation, January 1 $1,800,000 Plan assets, January 1 $2,150,000 Benefits paid to retirees $100,000 Actuarial gain $40,000 Past service cost (effective Jan 1) $50,000 Based on this information, Gecco Industries Ltd. will report ____________ as defined benefit expense for 2021. 

Select answer from the options below 

$187,000 

$222,500 

$227,000 

$267,000.

Answer rating: 100% (QA)

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