The Following Information Pertains to Rembrandt Inc

The following information pertains to Rembrandt Inc.'s pension plan for calendar 2020: Defined benefit obligation at Jan 1/20 $ 96,000
Interest (discount) rate 10%
Current service costs $ 24,000
Pension benefits paid retirees $ 20,000
The corporation uses IFRS. If no change in actuarial estimates occurred during 2020, Rembrandt's defined benefit obligation at December 31, 2020 would be

A) $ 85,600.
B) $ 100,000.
C) $ 105,600.
D) $ 109,600.