Raphael Inc The Fair Value of the Plan Assets at December 31

Raphael Inc. provides a defined benefit plan for its employees, and reports using ASPE. The pension plan administrator for Raphael Inc. provided the following information for the year ended December 31, 2020 $\begin{array}{ll}\text{ Fair value of plan assets, January 1.................................... } & 760,000 \\\text{ Defined benefit obligation, January 1 ................................ } & 820,000 \\\text{ Current service cost ............................................................ } & 60,000 \\\text{ Employer contributions...................................................... } & 85,000 \\\text{ Benefits paid to retirees} ...................................................... & 50,000 \\\text{ Actual and expected return ................................................} & 12,000 \\\text{ Interest (discount) rate. ...................................................... } & 6\% \\ \end{array}$
The fair value of the plan assets at December 31, 2020 would be

A) $ 807,000.
B) $ 867,000.
C) $ 907,000.
D) $ 967,000.