Benefit obligation, 1/1/2022, P9M FVPA, 1/1/2022, P10M Current service cost, P1.7M Past service cost, P500K Benefits paid to retirees, P2.2M Contribution to the plan, P2M Actual return on plan assets, P1.5M Actuarial loss due to remeasurement of benefit obligation, P400K Discount rate, 12% There are no asset ceilings at the beginning and end of the year. What is the benefit obligation of DEF Co. on Dec. 31, 2022?

Q: None

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