Pension data for Sterling Properties include the following:
	($ in thousands)
Service cost, 2021	$ 135.00
Projected benefit obligation, January 1, 2021	$ 550.00
Plan assets (fair value), January 1, 2021	$ 600.00
Prior service costAOCI (2021 amortization, $8)	$ 96.00
Net lossAOCI (2021 amortization, $1)	$ 117.00
Interest rate	8%
Expected return on plan assets	12%
Actual return on plan assets	13%

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.