Pension data for Sterling Properties include the following (in thousands):

Service cost, 2024	$114
Projected benefit obligation, January 1, 2024	600
Plan assets (fair value), January 1, 2024	700
Prior service costAOCI (2024 amortization, $8)	82
Net lossAOCI (2024 amortization, $1)	103
Interest rate, 9%
Expected return on plan assets, 13%
Actual return on plan assets, 14%

Required: Assume Sterling Properties prepares its financial statements according to International Financial Reporting Standards (IFRS). The interest rate on high-grade corporate bonds is 9%. Determine the net pension cost. Note: Enter your answer in thousands (i.e., 10,000 should be entered as 10). Net Pension Cost = _?_?_?_?_Thousand

Pension data for Sterling Properties include the following: Requlred: Assume Sterling Properties prepares its financial statements according to Intemational Financial Reporting Standards (IFRS). The interest rate on high-grade corporate bonds is 9%. Determine the net pension cost. Note: Enter your answer In thousands (l.e., 10,000 should be entered as 10)