Michael (age 35) commenced employment at Larkin Supplies Inc. on January 1, 2020. Larkin sponsors a defined benefit plan where employees vest \(5 \%\) after year one, an additional \(10 \%\) after year two, and an additional \(15 \%\) each year after until \(100 \%\). Michael's current salary is \(\$ 90,000\) per year, and he is expected to retire in 20 years, at which time his salary is estimated to be \(\$ 175,000\) per year. The annual benefit formula is equal to \(2.5 \% \times\) number of years of service \(\times\) final salary. Determine the gross annual benefit payment earned as of December 31, 2021, under a (1) VBO, (2) ABO, and (3) PBO pension liability measurement.