On January 1, 2021, Glock Climbing Academy Instituted a defined benefit pension plan for its employees. The annual service cost for each year of 2021 and 2022 was $660,000 The interest rate used to determine the projected benefit obligaton is 11% Both the actual and the expected retum on plan assets are 9% for both years. Glock funded the plan in the amount of $400,000 each January 1, beginning on January 1, 2021 What pension ability should Glock report in its balance sheet for the year ended December 31, 2022? Multiple Choice $553.960 $620.500 1517300 $481300