Pension data for Sterling Propertles include the following:

Required:

Assume Sterling Propertles prepares Its financlal statements according to International FInanclal Reporting Standards $($IFRS$).$ The

Interest rate on high$-$grade corporate bonds is $8\%.$ Determine the net pension cost.

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

Answer is complete but not entirely correct.