On January 1, 2022, C Company has defined benefit obligation of P4,400,000 based on discount rate of 12%. Pension benefits paid to retirees totaled P600,000. Service costs for 2022 amounted to P1,480,000. Actuarial gains of P200,000 were recorded in other comprehensive income, of which P150,000 relates to remeasurement of plan assets. How much is the defined benefit obligation on December 31, 2022? a. P5,280,000 c. P5,758,000 b. P5,608,000 d. P5,808,000