Presented Below Is Information Related to Peach Corporation's Defined Benefit

Presented below is information related to Peach Corporation's defined benefit pension plan for calendar 2020. The corporation uses IFRS. $\begin{array}{ll} \text{Defined benefit obligation, Jan 1 ............................................} & \$ 200,000 \\\text{ Fair value of plan assets, Jan 1 ............................................} & 180,000 \\\text{ Current service cost ................................................................ } & 27,000 \\\text{ Contributions to plan ............................................................} & 25,000 \\\text{Actual and expected return on plan assets ........................... } & 9,000 \\\text{ Benefits paid to retirees ......................................................} & 40,000 \\\text{ Interest (discount) rate. .......................................................} & 10\% \\ \end{array}$
The fair value of the plan assets at December 31, 2020 is

A) $ 187,000.
B) $ 174,000.
C) $ 165,000.
D) $ 149,000.