Pearsall Company's defined benefit pension plan had a PBO of $269,000 on January 1, 2021. During 2021, pension benefits paid were $43,000. The discount rate for the plan for this year was 11%. Service cost for 2021 was $86,000. Plan assets (fair value) increased during the year by $47,000. The amount of the PBO at December 31, 2021, was: Multiple Choice None of these answer choices are correct. $341,590. $226,000. $384,59