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Pension data for Sterling Properties include the following: ...

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Question

Accounting

Pension data for Sterling Properties include the following:

($ in 000s)
Service cost, 2016 $ 117
Projected benefit obligation, January 1, 2016 600
Plan assets (fair value), January 1, 2016 700
Prior service costAOCI (2016 amortization, $8) 87
Net lossAOCI (2016 amortization, $1) 108
Interest rate, 8%
Expected return on plan assets, 12%
Actual return on plan assets, 13%
Required:

Determine pension expense for 2016

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