Pension data for Sterling Properties include the following: ($ in thousands) $127 Service cost, 2021 560 600 Projected benefit obligation, January 1, 2021 Plan assets (fair value), January 1, 2021 Prior service cost-AOCI (2021 amortization, $8) Net loss-AOCI (2021 amortization, $1) 92 113 Interest rate, 5% Expected return on plan assets, 98 Actual return on plan assets, 108 Required: Assume Sterling Properties prepares its financial statements according to International Financial Reporting Standards (IFRS). The interest rate on high-grade corporate bonds is 5%. Determine the pension cost. Answer is complete but not entirely correct. Net pension cost $ _ thousand?

THE ANSWER IS NOT 110 NOR 134