ADVANCED-TEST1 (1) (2) (version 1).xdsb [Autosaved) 00x Search Horn TablesCharts SmartArt Formulas Data Raview Cels Header Row Total Row Banded Rows Frst Column Last Column Banded Columns emove Sumn Insert Delete D 823 In 2001 Batman Company acquired all of the Robin Company. Batman accounts for its Investment in Robin using the cost method. Robin Company does not pay any dividends On 1/1/2014 Batman Company issued (sold) 1000, 10% 10 year S1000 bonds for $1,100,000. These bonds pay interest annually on December 31st. Since the difference was not material, Batman has elected the straight line amortization method for these bonds. on 1/1/2017 Robin acquired all of the bonds for $1,063,000. Robin also elects to use straight line amortization for its bond investment. In 2017 Batman reported unconsolidated income of $2,000,000 and Robin reported income of $125,000 In 2018 Batman reported unconsolidated income of $2,100,000 and Robin reported income of $145,000 REQUIRED A) MAKE BATMAN'S JOURNAL ENTRY FOR THE ISSUANCE OF THE BONDS IN 2024 B) WHAT IS BATMAN'S ANNUAL INTEREST EXPENSE C) MAKE THE ENTRY ROBIN MAKES WHEN IT BUYS THE BONDS IN 2017 D) WHAT IS ROBIN'S ANNUAL INTEREST INCOME? E) WHAT IS CONSOLIDATED 2017 INCOME F) MAKE THE NECESSARY WORKSHEET ENTRIES FOR 2017 G) WHAT IS CONSOLIDATED 2018 INCOME? H) MAKE THE NECESSARY WORKSHEET ENTRIES FOR 2018 25 26 27 Sum-0 esc