Gaap Company sponsors a defined benefit plan covering all employees. Benefits are based on years of service and competisie nur determined that as of December 31, 2020, its accumulated benefit obligation was $270,000 and its plan assets had a $290,000 fair value. Gaap's December 31, 2020, trial balance included a projected benefit obligation balance of $297,075. Assuming service cost of $50,000, interest cost of $1,875, and benefit payments of 54,800, what was the january 1, 2020, balance of PBO? PBO balance, Jan 1, 2020 $