as a result of the purchase. Required: a. Were the bonds originally sold by the subsidiary at a premium or a discount? Note: Use cells A2 from the given information to complete this question. b. Will the annual interest payments Gamble receives be more or less than the interest expense the subsidiary records each period? Note: Use cells A2 from the given information to complete this question. c. As a result of the entry recorded at December 31,207, to eliminate the effects of the intercompany bond holding, will consolidated net income be increased or decreased? Note: Use cells A2 from the given information to complete this