Pension data for Sterling Properties include the following: $($$ in thousands$)$Service cost$,2024$$ $126$Projected benefit obligation, January $1,2024850$Plan assets $($fair value$),$ January $1,2024900$Prior service cost$$AOCI $(2024$ amortization, $$7)91$Net loss$$AOCI $(2024$ amortization, $$2)112$Interest rate, $6\%$Expected return on plan assets, $10\%$Actual return on plan assets, $11\%$ 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 $10).$