On January 1, 2011, Crowther Co

On January 1, 2011, Crowther Co. estimated a projected benefit of $440,000 based on a settlement rate of 12 percent. Pension benefits paid to retirees totaled $60,000. Service costs for 2011 amounted to $148,000. The fair value of the plan assets were $350,000 and $400,000 on December 31, 2010, and December 31, 2011, respectively. The projected benefit obligation at December 31, 2011, was

A) $528,000.
B) $580,800.
C) $630,800.
D) $640,800.

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