5. What is the defined benefit cost for the current year?

2,000,000

2,500,000

2,100,000

2,200,000

YULETIDE Corporation reported the following data on January 1, 2021: Projected benefit obligation 10,000,000 Fair value of plan assets 9,000,000 During the current year, the actuary determined the current service cost at P2,000,000 and interest cost at $1,000,000. The interest income on plan assets was $900,000 while the actual return on plan assets was P600,000. There was a decrease in the projected benefit obligation due to changes in actuarial assumptions of P200,000. The average remaining service period of the employees is 10 years