Bateman Corp The Fair Value of the Plan Assets at December 31

Bateman Corp. provides a defined benefit pension plan for its employees and uses IFRS. The trustee administering the plan provided the following information for the year ended December 31, 2020: $\begin{array}{ll}\text{ Fair value of plan assets, Jan 1 ..............................} & \$ 1,200,000 \\\text{ Defined benefit obligation, Jan 1 .............................. } & 1,270,000 \\\text{ Current service cost } .................................................. & 300,000 \\\text{ Employer's contributions ........................................ }& 360,000 \\\text{ Past service cost (at Jan 1) ........................................ } & 30,000 \\\text{ Benefits paidretirees} .................................................. & 325,000 \\\text{ Actual and expected return ........................................ } & 60,000 \\\text{ Interest (discount) rate ..............................................} & 8\% \\ \end{array}$
The fair value of the plan assets at December 31, 2020 would be

A) $ 1,235,000.
B) $ 1,295,000.
C) $ 1,335,000.
D) $ 1,535,000.