Pension data for Sterling Properties include the following:

($ in 000s)Service cost, 2016$132Projected benefit obligation, January 1, 2016400Plan assets (fair value), January 1, 2016500Prior service cost-AOCI (2016 amortization, $8)94Net loss-AOCI (2016 amortization, $1)115Interest rate, 9%Expected return on plan assets, 13%Actual return on plan assets, 14%

Required:Assume Sterling Properties prepares its financial statements according to International Financial Reporting Standards. 9% is the interest rate on high grade corporate bonds. Determine the net pension cost.