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Pension data for Sterling Properties include the following: ($ in thousands) Service cost, 2021 $ 126 Projected benefit obligation, January 1, 2021 850 Plan assets
Pension data for Sterling Properties include the following:
($ in thousands) | |||
Service cost, 2021 | $ | 126 | |
Projected benefit obligation, January 1, 2021 | 850 | ||
Plan assets (fair value), January 1, 2021 | 900 | ||
Prior service costAOCI (2021 amortization, $7) | 91 | ||
Net lossAOCI (2021 amortization, $2) | 112 | ||
Interest rate, 6% | |||
Expected return on plan assets, 10% | |||
Actual return on plan assets, 11% | |||
Required: Determine pension expense for 2021. (Enter your answers in thousands. Amounts to be deducted should be indicated with a minus sign.)
Pension Expense Pension expense
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