9. On January 1, 20X8, Parent Company purchased 80% of the common stock of Subsidiary Company for $360,000. On this date, Subsidiary had common stock, other paid in capital, and retained earnings of $20,000, $130,000, and $200,000, respectively. Any excess of cost over book value is due to goodwill. Parent accounts for the Investment in Subsidiary using cost method. On January 1, 20X8, Subsidiary sold $100,000 par value of 5%, ten-year bonds for $97,000. The bonds pay interest semi-annually on January 1 and July 1 of each year. On January 1, 20X9. Parent repurchased all of Subsidiary's bonds for $95,500. The bonds are still held on December 31, 20X9. Both companies have correctly recorded all entries relative to bonds and interest, using straight-line amortization for premium or discount. Required: (1) Find interest expense for the bonds reported by Subsidiary during 20X9 (5 points) (2) Find interest revenue for the Investment in bonds reported by Parent during 20X9 (5 points) (3) How much gains/losses do the consolidated statement report during 20X9? (5 points) (4) Calculate NCI in the subsidiary's income distribution schedule for the year ended of December 31, 20X9 where subsidiary's original net incomes is $70,900. Round all computations to the nearest dollar (5 points)