The following information pertains to Seda Company’s pension plan for 20X1:

Actuarial estimate of projected benefit obligation at 1/1 ........... $ 72,000
Service cost .......................................................................................... 18,000
Pension benefits paid on 12/31 ........................................................ 15,000
Assumed discount rate .......................................................................... 10%

Required:

If no change in actuarial estimates occurred during 20X1, how much would Seda’s projected benefit obligation be at December 31, 20X1?