The Margie Company has a defined benefit pension plan for its employees. The following information pertains to the pension plan as of December 31, 2020: Projected benefit obligation, January 1, 2020 Service cost, 2020 Interest cost, 2020 Benefit paid to retired employees Actual return on plan assets $1,400,000 650,000 100,000 70,000 99,600 Calculate the amount of projected benefit obligation at December 31, 2020