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please answer fast with explanation At the beginning of the current year, the memorandum records of Anne Companys defined benefit plan showed the following: Fair

please answer fast with explanation

At the beginning of the current year, the memorandum records of Anne Companys defined benefit plan showed the following:

Fair value of plan assets

P 7,500,000

Defined benefit obligation

(11,000,000)

Prepaid(accrued) defined benefit exp.

(P3,500,000)

The entity determined that its current service cost was P1,000,000 and the interest cost is 10%. The expected return on plan assets was 12% but the actual return during the year was 8%. Other related information at the end of the year:

Contribution to the plan

P1,200,000

Benefits paid to retirees

1,500,000

Decrease in defined benefit obligation due to changes in actuarial assumptions

200,000

Calculate the amount to be recognized in the statement of financial position at the end of the current year in accordance with the revised PAS 19

Group of answer choices

P4,000,000

P3,500,000

P3,600,000

P3,650,000

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