Pension data for Sterling Properties include the following: ($ in 000s)

Service cost, 2016 $ 122

Projected benefit obligation, January 1, 2016 700

Plan assets (fair value), January 1, 2016 800

Prior service costAOCI (2016 amortization, $9) 89

Net lossAOCI (2016 amortization, $1) 110

Interest rate, 8%

Expected return on plan assets, 11%

Actual return on plan assets, 12%

Required: Assume Sterling Properties prepares its financial statements according to International Financial Reporting Standards. 8% is the interest rate on high grade corporate bonds. Determine the net pension cost.