QUESTION 2 Stark Inc. follows IFRS for financial reporting and has established a defined benefit pension plan for employees. Pertinent details for the year ended December 31, 20X5, are as follows: Stark Inc. follows IFRS for financial reporting and has established a defined benefit pension plan for employees. Pertinent details for the year ended December 31, 20X5, are as follows: Stark Inc. follows IFRS for financial reporting and has established a defined benefit pension plan for employees. Pertinent details for the year ended December 31, 20X5, are as follows: Current service cost accrued end of year $52,000 Past service cost accrued beginning of year $10,000 Benefits paid evenly throughout the year $85,000 Discount rate used by actuary 6% Actuarial losses in the year $10,000 Pension obligation as at January 1, 20X5 $650,000 Plan assets as at January 1, 20X5 $625,000 What is the balance of the pension obligation as at December 31, 20X5? O a. $673,450 O b. $654,050 o c. $674,050 o d. $671,500