The EPBO for a particular employee on January 1, 2013, was $154,000. The APBO at the beginning of the year was $30,800. The appropriate discount rate for this postretirement plan is 8%. The employee is expected to serve the company for a total of 25 years with 5 of those years already served as of January 1, 2013. What is the APBO at December 31, 2013? (Do not round your intermediate calculations and round your answer to the nearest whole dollar.)

$36,960.

$30,800.

$33,264.

$39,917.