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Amazing Corporation purchased $100,000 par value bonds of its subsidiary, Broadway Company, on December 31, 20X5 from Lemon Corporation for $102,800. The 10-year bonds bear

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Amazing Corporation purchased $100,000 par value bonds of its subsidiary, Broadway Company, on December 31, 20X5 from Lemon Corporation for $102,800. The 10-year bonds bear a 9 percent coupon rate, and Broadway originally sold them on January 1, 20X3, to Lemon at 95. Interest is paid annually orn December 31. Amazing owns 85 percent of the stock of Broadway In preparing the consolidation worksheet at December 31 20X6, Amazing's controller made the following entry to eliminate the effects of the intercorporate bond ownership: Bonds Payable Interest Income Retained Earnings, January Noncontrolling Interest 100.000 8691 741 013 Investmens in Broadway Compary Bonds Discount on Bonds Payable 102491 3.535 419 Required With the information given, answer the following questions: Prepare the journal entry made by Amazing in 20X6 to record its interest income on the Broadway bonds that it holds. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Do not round your intermediate calculations. Round your final answers to nearest whole dollar.) Journal entry worksheet Record the entry for interest income Note: Enter debits before eredts Debit Credit

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