Pension data for Sterling Properties include the following:

Required: $$

Assume Sterling Properties prepares its financial statements according to International Financial Reporting Standards

$($IFRS$).$ The interest rate on high$-$grade corporate bonds is $6\%.$ Determine the net pension cost.

Note: Enter your answer in thousands $($i$.$e$.,10,000$ should be entered as $10).$

Answer is complete but not entirely correct.