Patel Company sponsors a defined benefit pension plan. The following infomation pertains to that plan: Projected benefit obligation at January 1, 2021, $300 million; Service cost for 2021, S60 million; Retiree

benefits paid (end of year), $80 million; Discount rate, 5% Gain from change in actuarial estimates occurred during 2021, $18 million. What is Patel's projected benefit obligation at December 31, 2021?

$302 million

$295 million

$313 million

$277 million

Patel Company sponsors a defined benefit pension plan. The following information pertains to that plan Projected benefit obligation at January 1, 2021. 5300 million Service cost for 2021, 560 million, Retiree benefits pard (end of year) $80 million, Discount rate, 5% Gaun from change in actual estimates occurred during 2021, 518 million What is Patel's projected benefit obligation at December 31, 20217 $302 million $295 million $313 million $277 million