Question: Pension data for Sterling Properties include the following: ($ in 000s) Service cost, 2018 $ 134 Projected benefit obligation, January 1, 2018 700 Plan assets
Pension data for Sterling Properties include the following: ($ in 000s) Service cost, 2018 $ 134 Projected benefit obligation, January 1, 2018 700 Plan assets (fair value), January 1, 2018 800 Prior service costAOCI (2018 amortization, $7) 95 Net lossAOCI (2018 amortization, $2) 116 Interest rate, 6% Expected return on plan assets, 10% Actual return on plan assets, 11% Required: Determine pension expense for 2018. (Enter your answers in thousands. Amounts to be deducted should be indicated with a minus sign.)
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