Pension data for Regal Properties include the following:

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$($$ in thousands$)$

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Service cost, $2024$

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$ $116$

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Projected benefit obligation, January $1,2024$

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$550$

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Plan assets $($fair value$),$ January $1,2024$

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$800$

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Prior service cost$$AOCI $(2024$ amortization, $$7)$

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$86$

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Net loss$$AOCI $(2024$ amortization, $$2)$

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$107$

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Interest rate, $8\%$

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Expected return on plan assets, $10\%$

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Actual return on plan assets, $11\%$

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Required:

$1.$ Determine the net pension cost.

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