Use the Following Information for Questions 56-57 -The Balance of the Defined Benefit Obligation at December 31

Use the following information for questions 56-57.
Presented below is information related to Kiwi Ltd. for calendar 2020. The corporation uses IFRS. $\begin{array}{ll}\text{ Defined benefit obligation, Jan 1 }.................................. & \$ 720,000 \\\text{Fair value of plan assets, Jan 1 ...................................... } & 700,000 \\\text{ Current service cost} ....................................................... & 90,000 \\\text{Contributions to plan }..................................................... & 125,000 \\\text{Actual and expected return on plan assets }...................... & 56,000 \\\text{ Past service costs (effective Jan 1) } .................................. & 10,000 \\\text{ Benefits paid to retirees}................................................... & 96,000 \\\text{ Interest (discount) rate }................................................... & 9\% \\ \ \end{array}$
-The balance of the defined benefit obligation at December 31, 2020 is

A) $ 724,000.
B) $ 779,700.
C) $ 778,800.
D) $ 789,700.