On January 1, 2013, Tom's Transport Company's accumulated postretirement benefit obligation was $30,000,000. At the end of 2013, retiree benefits paid were $3,500,000. Service cost for 2013 is $6,000,000. At the end of 2013, there was no prior service cost or net gain or loss. Assumptions regarding the trend of future health care costs were revised at the end of 2013. This revision caused the actuary to revise downward the estimate of the APBO by $500,000. The appropriate discount rate was 6%.
Required: Determine the amount of the accumulated postretirement benefit obligation at December 31, 2013.