Pension data for Sterling Properties include the following: Service cost, 2021 Projected benefit obligation, January 1, 2021 Plan assets (fair value), January 1, 2021 Prior service cost-AOCI (2021 amortization, $9) Net loss-AOCI (2021 amortization, $2) Interest rate, 84 Expected return on plan assets, 124 Actual return on plan assets, 131 ($ in thousands) $113 750 800 81 102 Required: Assume Sterling Properties prepares its financial statements according to International Financial Reporting Standards (IFRS). The interest rate on high-grade corporate bonds is 8%. Determine the net pension cost. 5 Not porsion.com thousand