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Pension data for Sterling Properties include the following: ( $ in thousands ) Service cost, 2 0 2 4 $ 1 3 1 Projected benefit

Pension data for Sterling Properties include the following: ($ in thousands) Service cost, 2024 $ 131 Projected benefit obligation, January 1,2024450 Plan assets (fair value), January 1,2024500 Prior service costAOCI (2024 amortization, $9)100 Net lossAOCI (2024 amortization, $1)121 Interest rate, 8% Expected return on plan assets, 12% Actual return on plan assets, 13%Required: Determine pension expense for 2024. Note: Enter your answers in thousands (i.e.,10,000 should be entered as 10). Amounts to be deducted should be indicated with a minus sign.

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