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Pension data for Sterling Properties include the following: ($ in thousands) Service cost, 2024 $ 136 Projected benefit obligation, January 1, 2024 760 Plan assets

Pension data for Sterling Properties include the following:

($ in thousands)
Service cost, 2024 $ 136
Projected benefit obligation, January 1, 2024 760
Plan assets (fair value), January 1, 2024 800
Prior service costAOCI (2024 amortization, $9) 97
Net lossAOCI (2024 amortization, $2) 118
Interest rate, 5%
Expected return on plan assets, 9%
Actual return on plan assets, 10%

Required:

Determine pension expense for 2024.

image text in transcribed Pension data for Sterling Properties include the following: 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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