Khurana Company's defined benefit pension plan had a PBO of $275,000 on January 1, 2024. During 2024, pension benefits paid were $43,000. The discount rate for the plan for this year was 11%. Service cost for 2024 was $82,000. Plan assets (fair value) increased during the year by $47,000. The amount of the PBO on December 31, 2024, was: