The actuaries for Interconnect Cable Company provided its accountants with the following information (in thousands of $) related to the company’s pension plan:

December 31, 2010:

Increase in PBO arising from plan’s amendment . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . $684

January 1, 2011:

PBO . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $2,700

Fair value of the pension fund . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,860

Market-related value of the pension fund (5-year weighted average) . . . . . . . . . . . . . . . . . $1,600

Obligation discount rate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10%

Average service life for amortization of deferred gain and prior service costs . . . . . . . . . 14 years

Deferred pension gain—prior year. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $70

Expected rate of return. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9%

For year 2011:

Benefit payments to retirees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $173

Contributions to pension plan . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . 290

December 31, 2011:

PBO . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $2,917

Fair value of pension plan assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,137

Instructions:

Based on the data provided, prepare a pension work sheet for Interconnect Cable Company for 2011. The 5-year weighted-average value of plan assets is used in computing the expected return.