Pension Data For Sterling Properties Include The Following:

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Pension Data For Sterling Properties Include The Following:

($ in 000s) Service cost, 2013 $112 Projected benefit obligation, January 1, 2013 850 Plan assets (fair value), January 1, 2013 900 Prior service cost-AOCI (2013 amortization, $8) 80 Net loss-AOCI (2013 amortization, $1) 101 Interest rate, 6% Expected return on plan assets, 10% Actual return on plan assets, 11% Required: Determine pension expense for 2013.
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Service cost 112 Interest cost 51 Expected return on the plan assets (90) Amortization of PSC 8 Amortization of net loss 1 Pension expense 82 ((11% 900)-(10%900)

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