Louie Company's defined benefit pension plan had a PBO of $274,000 on January 1, 2021. During 2021, pension benefits paid were $42,000. The discount rate for the plan for this year was 12%. Service cost for 2021 was $84,000. Plan assets (fair value) increased during the year by $51,000. The amount of the PBO at December 31, 2021, was: Multiple Choice o None of these answer choices are correct. O $232,000. o $390,880. O $348,880