Question - Pension data for Sterling Properties include the following:
($ in 000s)
Service cost, 2011 $ 112
Projected benefit obligation, January 1, 2011 850
Plan assets (fair value), January 1, 2011 900
Prior service cost-AOCI (2011 amortization, $8) 80
Net loss-AOCI (2011 amortization, $1) 101
Discount rate, 6%
Expected return on plan assets, 10%
Actual return on plan assets, 11%
Required: Determine pension expense for 2011. (Enter your answer in thousands. Omit the "$" sign in your response.)