The following information pertains to Kentucky Corporation defined benefit plan for the year 2019 Defined benefit obligation, January 1, 2019 P2,500,000 Fair value of plan assets, January 1, 2019 P2,000,000 Actual return on plan assets P300,000 Fair value of plan assets, December 31, 2019 P2,100,000 Present value of additional DBO settled P175,000 Defined benefit obligation, December 31, 2019 P2,400,000 Current service cost P500,000 Discount rate 10% Benefits paid to retirees (at scheduled retirement) P620,000 Contribution made during the year P600,000