d of the year, what was the amount of thoe wining cadb conenibut Pension data for Sterling Properties include the following were made at the en ($ in thousands) Service cost, 2018 Projected benefit obligation, January 1, 2018 Plan assets (fair value), January 1, 2018 Prior service cost-AOCI (2018 amortization, $8) Net loss-AOCI (2018 amortization, $1) Interest rate, 6% Expected return on plan assets, 10% Actual return on plan assets, 1 1% $112 850 900 80 101 Required: Determine pension expense for 2018 Refer to the situation described in E 17-8. Required How might your answer differ if we assume Sterling Properties prepares its financial statements acort rnational Financial Reporting Standards? 6% is the interest rate on high grade corporate bonds