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 $690.000 The interest rate used to determine the projected benefit obligation is 10% Both the actual and the expected return on plan assets are 8% for both years. Gillock funded the plan in the amount of $500.000 each Januaryt, beginning on January 1, 2021 What pension tablity should Giltock report in its balance sheet for the year ended December 31, 20227 Multiple Choice $394.000 $463.000 $325 800 $365,800